BTC strategy in the early morning of 7.27

The intraday BTC surged to 118200, fortunately, the long position has not exited yet and has successfully taken profit.

Currently, BTC is showing a V-shaped rebound within the day, reclaiming previous losses. Although the bulls appear strong, the daily line closes with a small positive candle and is still under pressure from the moving averages, indicating an overall technical correction. On the hourly level, it maintains an alternating consolidation of positive and negative movements, with strong resistance at the 118500 level, and the bears are gradually building strength.

BTC: Short in the range of 118200-118800, target 116000, looking at 113000 in the long term, each should strictly manage their defenses. #BTC#