crypto world: The weak fluctuations of 7.22 Bitcoin are an illusion, and the short-term rebound opportunity is fleeting!

New Market Analysis: The current price of Bitcoin is 118400. It is observed that the overall market is in a sideways consolidation state and has not formed a clear trend direction. Combined with the candlestick patterns, there are signs of a phased adjustment in the market, showing narrow fluctuations with limited ups and downs. Indicators show that bearish momentum is gradually weakening, but bullish strength has not yet significantly returned, leading to a strong wait-and-see sentiment in the market. Therefore, in the short term, the market is in an overall weak consolidation phase, but the bearish forces are easing, potentially leading to a short-term rebound opportunity. The RSI is operating in the mid-low range, and the MACD momentum bars are shortening and approaching a golden cross, indicating that the short-term market is likely to end its adjustment and initiate a slight rebound. The convergence of the Bollinger Bands and the smoothing of the EMA line indicate that prices may still primarily fluctuate within a range in the short term. Finally, it is recommended to focus on quick in-and-out trades in the short term, avoid heavy positions and long-term holdings, and strictly adhere to stop-loss levels to prevent losses from chasing highs and selling lows due to the volatile market.
Today's Price Prediction
Long position at 117,000, add long at 116,000, stop loss at 500 points, target at 118,500.
Short at 120,000, cover short at 121,000, stop at 500 points, target 117,500.