### 7.19 Market outlook

Hello everyone, happy weekend! Yesterday the market moved sideways and oscillated all day. The market stayed in a standoff, with multiple parties continuing to consume momentum, and in the evening it pushed into a rebound.

This week, even though a cluster of bullish news came out, the price still hasn’t dropped for a long time. Range-bound “washing” can easily throw off the mindset of position holders. In the short term, you don’t need to overthink whether the rebound can lure you into chasing—just hold your position and don’t get shaken out by the volatility. The swing target of 555 will definitely be delivered!

From a chart perspective, the rebound is only a phase of recovery after a big sell-off. The area above is firmly capped by the Bollinger upper band at 650 and the prior high at 655. If the rebound plays out to the target area, it’s still a swing-trading opportunity—don’t blindly chase higher prices.

### Trading plan

For the rebound, look to trade in the 651-656 zone. In the short term, the targets are 623-628. If it breaks down, then follow the move lower and look toward 618. For the long-term swing, the target is 555$BTC #沃什称AI是否引发通胀取决于美联储