Silk Road Analysis on the Morning of 7.23
After a drop of a thousand points in the early morning, Bitcoin broke through the 120,000 level, reaching around 120,200. Currently, Bitcoin is slowly retreating, and Feng Kai on Silk Road suggests focusing on high leverage.
Bitcoin: 120000, around 119500, target 117000, around 118000.
Two contracts: around 3750, 3820, target 3640, near 3700.
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