July 25

Bitcoin has been fluctuating since the 15th.

The monthly line is about to close, will 12.3 form a stage top here? The monthly K needs to close below 11.2, and the trend remains unchanged above this level.

The weekly line broke below 11.57 and could not recover, the weekly line has begun to correct, with a support range around 11.3-11.2 below.

Trade within the support zone of 11.52-11.57 and the resistance zone of 12.05-12.15, going short on the upper side of the range and long on the lower side.

Break through the upper pressure range and go long, waiting for the expected targets of 13.2-13.5 and 15.4-15.7.

Break below the support range, waiting for trades at positions 11.3-12, 11-11.05.

Currently, a breakout at either the upper or lower side is likely to lead to a one-sided move.

Be aware of false breakouts; a quick retraction after a breakout indicates a false breakout.

After quickly falling back after breaking through 112.05-12.15 upwards, it is a false breakout and bearish.

After quickly recovering from a drop below 11.52-11.57, a false breakout indicates a bullish outlook.