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7.19 midday analysis
From the daily candlestick chart, the market shows a shrinking volume trend. The 4-hour level indicates a reduction in volume, forming two consecutive bullish candles after hitting a bottom, but then a bearish candle appeared. The key level to watch above is around 118500, followed by the area near 119800. At the 1-hour level, an increasing volume is gradually appearing and forming a breakout upwards, with a focus on the area around 118900.
Suggestion:
Bitcoin: In terms of short-term trading, consider taking a long position around 118500-119000, and consider taking a short position around 118000-117500.
Erbing: Short-term strategy, can long around 3550-3520, with a target looking towards 3600-3620; if the trend goes the opposite way, consider shorting.
#BTC#