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Morning Thoughts on 7.16
From a technical perspective, the subsequent trend is indeed worth looking forward to. The support level of 105400 analyzed last night is very critical; the price did not break below here, and it just started a rebound to move into the fifth wave. Now it is clearly a bullish signal.
Moreover, when the rebound was recovered, the trading volume increased, which indicates that a considerable amount of capital is entering the market, pushing the price upwards.
Bitcoin operation idea: pullback around 117050-117650, looking up towards around 119550.
Auntie's trading strategy: Pull back to around 3075-3115, looking up to 3200.