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BTC analysis for the evening of July 25
The intraday trend is downward, continuously weakening after being pressured at 118400, with a minimum drop to 114600, a cumulative drop of 4800 points from the overnight high.
The bearish momentum weakened in the afternoon, and the price rebounded to 116400, finding temporary support. The opening of the Bollinger Bands on the hourly chart has expanded, increasing volatility. The price touched the track and rebounded, with the bulls attempting a counterattack.
Buy in the range of 114500-115500 below, target 118000, slope position at 120000, with a stop loss of five hundred points.
Short at the 117500—118000 range above, target 115000, slope level at 113000, with a 500 point stop loss.