7.11 Bitcoin (BTC) market analysis reference

Bitcoin's intraday market surged to a new high this morning, once again refreshing its historical peak, with the price showing a strong upward trend, currently reaching around 113760. This breakout has led to an increase of over 3000 points, reigniting bullish sentiment and further opening up upward space. Looking at the short-term hourly chart, with this breakout upward movement, the upper Bollinger Band gap has opened, and the price is slightly under pressure at the 113760 position, entering a high-level consolidation. The overall trend is upward, so the follow-up operation suggests focusing on long positions. The strategy is to keep buying on dips, and if new highs are broken, one can follow the trend to capture short-term profits. Support below is at the 111500 level, and then around 111000. Mr. Coin reminds everyone that there has been an increase of nearly 3000 points today, and the market has broken new highs, so it is advisable to prepare for a potential pullback and re-enter a consolidation range; therefore, chasing long positions is not recommended for continuous holding. It is essential to grasp profits promptly and steadily. When facing significant market fluctuations, it is advisable to remain on the sidelines.
The lower test position is 113,600 - 114,500, defend with a supplement at 115,500, stop loss: 500 target below 112,500,
Long at the test warehouse point 110500 - 111500, stop loss 500, defend 110000 for replenishment, target above 112000.