Market analysis on the morning of 7.15.

The recent breakthrough of 123000 for Bitcoin is something that many did not expect, yet it was also anticipated. I, #BTC突破12万大关 #ETH突破3000 , had previously mentioned that if Bitcoin breaks through 109400, we can fully turn bullish, all the way to 120000. Although this prediction was not perfectly precise, it did meet the ideal expectations.

From the current situation, after a strong market rally, there is a period of gap, and the short forces have been almost completely liquidated. With the tariffs from the yellow-haired on Russia, a reversal signal might appear. After liquidating so many short forces, it is time for an effective cleansing of the long forces. If those who do not understand this situation still choose to wait and see, the aggressive ones are advised to focus on shorting.

Looking at the 1-hour Bollinger Bands chart, the market price is currently consolidating below the moving averages, and the 4-hour chart is also approaching the moving averages, showing a contraction and divergence state. If it breaks below the moving averages, a periodic correction may occur.

From the MACD indicator perspective, the 1-hour chart is showing a complete underwater dead cross state, and the 4-hour chart is also moving towards a dead cross. This indicates that the short forces are gathering strength.

Operational suggestions:

Bitcoin: Short at 121000-120500, target around 118500-116500

Defend at 123000

Altcoin: Short at 3020-3000, target around 2900-2930, defend at 3070

The market changes rapidly, and strategies are only a reference based on the current price trend. Proceed with caution when entering the market, and feel free to consult me at #BTC突破12万大关 #ETH突破3000 for any questions.