7.23 crypto world Mr. Coin: Bitcoin (BTC) market analysis reference

Bitcoin failed to break the lower support despite several pullbacks yesterday, and the subsequent rebound tested the upper resistance at the 120,000 level. The intraday trend continued to rebound, with the market showing an increase of nearly 4,000 points by the time of writing. The current price is once again close to the 120 level, with the intraday high being under pressure at the 120,300 position. The price has been experiencing significant fluctuations in both bullish and bearish trends recently, so I hope all crypto friends will practice good risk control.
On the 4-hour chart of the short cycle, the Bollinger Bands are in an opening stance, and the price is running in the upper-middle track area. As of the time of writing, the rebound momentum is weakening. If the price cannot stabilize at the 120,000 level, there is a possibility of a pullback to lower support. Although the price has made a strong rebound during the day, the overall trend is still within the range, so it hasn't broken key levels. It is not recommended for coin friends to blindly chase highs or cut losses. Pay attention to the stabilization situation around the 120,000 level above, and the support around 118,000 below.
7.23 Bitcoin short-term reference:
Lower trial position 119900 - 121000, defend 122500 supplement, stop loss: 500 target below 119000,
Long entry at 117500-116500, stop loss at 500, support at 114500, target above 118500, #GT 2025第二季度销毁# #BTC再创新高# #ETH# #BTC# #美加征关税#