7.25 BTC analysis

BTC experienced steady fluctuations within the range yesterday, with the price briefly climbing to 119200 before retreating, finding solid support at the key level of 117000.

Bullish strength surges like a tide, with extremely high bullish sentiment. It is very likely to rise and break through to a new high in the short term. If the upper band is not broken, it will maintain a range, and one can flexibly short at the upper band of the Bollinger Bands while going long at the lower band.

Buy in the range of 117000—116500 below, targeting above 119500, with a stop loss of five hundred points.

Short at the 119500—120000 range above, targeting below 117000, with a stop loss of five hundred points.