7.14 BTC Market Analysis


BTC opened on the weekly chart and broke through the 120,000 mark, currently trying to stabilize. On the hourly chart, after a spike, it still maintains bullish momentum and has not yet given a signal of peaking. The first resistance level for BTC is around 124,000, which is likely to face pressure upon touching. The short-term support to watch is 120,500, which has just been reached. The MACD indicator still shows a golden cross with volume available. Overall, BTC's bulls still have momentum, and it is recommended to follow the trend.
Operation suggestion: Current price: 121000-120500 buy in batches
Target: 123000-124000
Risk Control:120000
BTC1.51%
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