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7-30 BTC evening thoughts
The BTC has been consolidating in a sideways range for nearly half a month, and during this time, I believe most traders' gains should be pretty good, as it's quite difficult not to make a profit in such market conditions.
We can see a pattern from the 4-hour level market trend: as long as the horizontal adjustments during the upward period are a stage of accumulation, what follows will still be a continuation of the rise. This time of accumulation has also been prolonged. It is expected that within this week, the market will first touch the resistance at 120000 and then approach the position at 125000. Therefore, recent operational advice is to primarily focus on entering long positions at lower levels.
Operation suggestion: In the evening, pay attention to the oscillation mid-track between 118300-117800. It is recommended to go long at 117800, with a stop at 117300. The target is to reduce positions at 118300; if it breaks above 118300 and stabilizes, increase positions and continue to go long. Aim for 119300 to reduce positions or exit directly.