7.25 Early Morning Bitcoin Analysis

From the hourly trend of Bitcoin, there are many lower shadows that should not be a cause for concern. The liquidity of altcoins is decreasing, and the trend is a return of funds to Bitcoin, while other altcoins have seen significant declines.

In contrast, Bitcoin, although facing noticeable selling pressure at the 120,000 mark, is overall steadily fluctuating within a range.

It is recommended to short in the 119,500 - 120,000 range, targeting below 117,000, with a stop loss of 500 points.

Consider going long in the 117,000—117,500 range, targeting above 119,000, with a stop loss of 500 points.