July 20th Bitcoin Market Analysis and Trading Suggestions

Liquidity is relatively poor over the weekend, and Bitcoin prices have not fluctuated much overall. There was a slight drop last night, but the downward momentum was weak, and it did not break below the previous segment's low point, instead oscillating around a small range.

Currently, there are two expected trends:

1. A direct acceleration of the downward trend, dropping to a target level.

2. A rebound to test the upper edge of the triangular consolidation, followed by a downward trend.

Personally, I tend to favor the second option.

Trading suggestion: Break above 118500, retest and go long, with a stop loss at 117200, and a target of 119500-120500.

Personal opinion, for reference only.