7.22 crypto world Coin Mr.: Bitcoin (BTC) market analysis reference

Bitcoin touched a high of around 119700 yesterday and then pulled back. In a short period, the market made an upward spike, with the price dropping by over 3000 points, approaching the morning support level. Currently, the price is running around 116800, and the upward momentum within the day is not strong, with the trend in a range consolidation phase. The focus moving forward will be on the resistance above 118500. Before a breakthrough and stabilization, it is expected that the fluctuation will continue for some time. I hope all crypto friends are prepared in advance.
On the short-term hourly chart, the Bollinger Bands are slowly narrowing, and the price is running below the middle band. Both bulls and bears are in a stalemate. Currently, the market volume is insufficient, and the consolidation is expected to continue in the short term. Our strategy is to go short at high prices and long at low prices. Pay attention to resistance around 118500 above and support around 116000 below.
7.22 Bitcoin short-term reference:
Short position entry 118800 - 119500, defend at 121500, stop loss: 500 target below 118000,
Buy at the test warehouse point 115500-116500, stop loss 500, defend 114000 for补, target above 117500, #GT 2025第二季度销毁# #BTC再创新高# #ETH# #BTC# #美加征关税#