MingkunJieni

BTC recently pulled back to around 114700, then on the 25th it made a second buy without breaking the previous low of 114700, and last night it broke through 118000 again. So at this point, has the short-term pullback ended? We need to put a question mark first. If it continues to oscillate, this range will test downwards again, with the previous open orders' two low points at 114500-113600. If the pullback has ended, then in the near future it could directly break through 123000-126000. In the oscillating pullback market, don't be overly bearish; just engage in swing trading. The daily chart'

Market analysis and thoughts for the evening of July 24
Bitcoin surged to 119,500 last night before retreating, currently oscillating around 115,000 to build a bottom. The daily MACD has formed a death cross above zero, but it is far from the zero axis, making a direct drop to the zero axis less likely. After multiple attempts to break through the key level, the bullish momentum is insufficient. It is expected to drop below 115,000 to gain liquidity, complete the washout, and then continue the upward trend. The key resistance level above: 119,500; if broken, the situation will strengthen. 115,