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7.18 Friday morning analysis



Looking back at the night, Bitcoin surged from the line of 118300, reached a high of 121000 before pulling back, and is consolidating around 119000, with increased volatility.

The hourly MACD shows a golden cross, with the red bars increasing, indicating enhanced upward momentum; the Bollinger Bands are opening upwards and are firmly above the upper band. The four-hour chart shows a rising staircase pattern, with bulls in control. Although there was a quick drop after hitting a new high, the overall trend remains strong, suggesting that one should look for buy opportunities on pullbacks during the day.

Operation Suggestions:

Bitcoin: A pullback can be arranged here at 119000—119500, with a target of 121000-123000.

Two cakes: The pullback can be arranged here at 3480-3520, with a target looking up at 3600-3700.
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