Analyst Liang Qiu: On July 11, Bitcoin repeatedly reached new highs, and the peak is still being pursued; a short position is coming.

Last night, Bitcoin once again broke through the high point, reaching around 117,500 and 3,010. The market surged with momentum like a bamboo shoot after the rain. Our daytime strategy was timely exited and followed the trend; those who kept up understand. Firstly, primarily using Bitcoin as a reference, one should exit in time once it breaks through the high point. Last night's second surge above 112,000 should have raised some vigilance. Currently, the market relies on the upper high point of 117,500; if it does not break this high point, one should gradually enter short positions above it. Of course, short-term top-bottom conversion around 112,000 needs to be monitored as it serves as short-term support. The altcoin can be traded in sync with Bitcoin.

From a four-hour level perspective, after Bitcoin broke through the high point, it has experienced narrow fluctuations and has now begun to pull back. During the day, we continue to observe fluctuating market conditions, waiting for opportunities to rise closer to the high point. Although there is an attempt to push the price higher during the day, it is not advisable to gamble on reaching new highs again; treat the high points of 117,500 and 3,010 as pressure levels. The market has repeatedly broken high points, and pursuing more positions is not suitable. The previously potentially profitable altcoin may likely retrace completely in one round of decline since the more it rises, the greater the risk.

Trading Suggestions: BTC: Range from 116,800 to 117,500, target around 115,000; ETH: Range from 2,970 to 3,000, target around 2,910. Pay attention to breakouts at 112,000 and the 2,780 level.

[The above analysis and strategies are for reference only; please bear the risks yourself. The article's review and publication may not be timely; please refer to real-time data for specifics.] #BTC再创新高