7.23 Morning Analysis of Bitcoin:
Recently, there has been a wide range of fluctuations with continuous large lower and upper shadows, resulting in back-and-forth movements.
In the recent volatility, several small upward trends have gradually formed, but overall it has not broken through the previous key resistance level of 120000. Today, we adopt a short position with a rebound strategy.
Bitcoin: Short at 120300-120800, target 119300-118800.
Altcoin: Short at 3750-3780, target 3700-3670.
