7.22 Crypto Market Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin yesterday reached a high near 119700 and experienced a pullback, with a sharp upward spike in a short time, followed by a price drop of over 3000 points, approaching morning support at a low level. Currently, the price is running around 116800, with the upward momentum during the day not being strong, and the trend is in a range consolidation phase. The key focus moving forward is the resistance above 118500. It is expected that the oscillating market will continue for some time before a breakthrough stabilizes, so we hope all crypto friends are well-prepared in advance.

From the perspective of the short-term hourly chart, the Bollinger Bands are slowly closing, with the trend running below the middle band, and both bulls and bears are in a stalemate. Currently, the market lacks volume, and the short-term oscillation will likely continue. Our strategy is to sell high and buy low. The upper resistance to watch is near 118500, while the lower support is around 116000.

7.22 Bitcoin Short-term Reference:

Short selling point 118800 - 119500, stop loss 121500, stop loss: 500 target below 118000,

Long buying point 115500 - 116500, stop loss 500, defend 114000, target above 117500, #BTC #ETH🔥🔥🔥🔥🔥🔥 #BTC走势分析 #NFT市场回暖