Bitcoin Market Review This Morning: Bulls Gain Strength and Stabilize, Clear Upward Trend

This morning's Bitcoin market was quite interesting! As of early July 23, BTC hit a low of $116,128, which made many people sweat. Fortunately, the bulls quickly gained strength, and the price climbed step by step, now stabilizing in the range of $118,000 to $120,000, managing to stabilize the downward trend.

From a technical perspective, the daily chart has shown consecutive bullish candles, which is a positive signal indicating that the bulls still have confidence in the overall direction. Looking at the 4-hour chart, the trend is particularly clear: it is in a rhythm of "consolidating and correcting while stepping upward." The key point is that each subsequent low during the declines is moving upward, reflecting the strong buying support from below. When the price drops, there are buyers willing to step in, and the support level is becoming increasingly stable.

Considering the current trend, I suggest an operation: you might consider placing long orders around $118,500, with the first target set at $119,560. If it can firmly hold this position, reaching $120,100 is also possible. However, remember, regardless of how favorable the market seems, one must not be complacent; everyone understands Bitcoin's volatility, so always remember to "take profit when it's good" and avoid being greedy in chasing highs. Setting proper take-profit and stop-loss levels is a prudent approach.

Overall, this morning's market has given a boost to the bulls, and the upward trend continues, but caution is still necessary. Following the rhythm is always a safe bet～#BTC走势分析