Analyst Liang Qiu: 7.12 Bitcoin has repeatedly surged and retreated, validation obtained. Waiting for further surges and retreats in the evening.

Bitcoin has publicly deployed two positions at 118200 and above 3020 after yesterday's moves, and today, it again entered positions above 118000 and 2970 during the day. After the market surged and retreated, it continued to fall back. The overall space for Bitcoin is significantly larger, with this move exceeding at least 5000 points and over 150 points of space. Currently, after the decline, the market is in a horizontal fluctuation, and if the lower points of 117000 and 2913, which have been tested multiple times, are broken, the market will face further declines.

From the four-hour and six-hour levels, the pressure above is evident, and it has started to close with negative candles and decline. The previous rise was quite strong, and the rapid rise followed by slow declines raises suspicions of distribution. Continuing to monitor the resistance at the high point above; if it does not break for a long time, there will be a significant drop.

In the evening, the outlook for decline remains unchanged. BTC: around 117600 to 118200 for positions, target near 116000; ETH: around 2950 to 2970 for positions, target near 2880. If the levels break, further declines are expected, with support below at 112000 and 2780.

[The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication do not guarantee timeliness; please refer to real-time data.] #币安Alpha上新