BTC Morning Analysis

The idea provided by Lao Cai since last night at 11 PM has once again been validated. For those who haven't followed Lao Cai's posts, they might be regretting why they didn't follow earlier. BTC attempted to break through 120,000 on July 14 but couldn't hold it, which was a month of adjustment. Today, it has once again surged past the 120,000 mark and continues to climb. If BTC can hold the 120,000 level, the upper space will fully open up. We are just waiting for it to stabilize. Such a significant market movement, if you don't follow Lao Cai now, it will really be too late to regret.
From the four-hour level of BTC, the upward trend has already broken through the upper Bollinger Band by a large margin, and the Bollinger Bands are wide open. This performance suggests that subsequent volatility may increase, and the RSI at the 6 level has entered the overbought zone (the daily view has also entered overbought). This means that the market may be overly stretched and facing a risk of correction. Moving forward, one should cautiously weigh the risks and opportunities, avoid blind actions, and if being conservative, it may be better to wait for confirmation or to try small positions with strict stop-losses. Of course, one can also follow the advice of Lao Cai, whose insights have always been provided in advance, and whose strength is evident. We will continue to maintain a low bullish outlook, looking at 123000 for BTC. #6 BTC全民空投限时派送中#