Morning Thoughts on 7.21

From an overall structural perspective, the hourly level has experienced six consecutive bearish candles piercing the lower band, but has failed to close with a solid bearish candle. Instead, it has rebounded from the pin, and currently, the Bollinger Bands show signs of opening, indicating that volatility is about to come. Given the current rhythm, a "V" reversal has a high probability and momentum. The short-term resistance below is clear, and the focus for the day should still be on arranging for pullbacks to go long.

The price of Bitcoin is around 116800-117300, watch for 119000.
Auntie is more around 3700-3680, look at 3820 #加密货币 #