Analysis and judgment of the current price structure of BTC from an institutional perspective:

Taking BTC/USDT perpetual as an example, from the current price structure, it is a strong oscillation dominated by the bulls. The analysis and judgment of the current price still maintain the viewpoint published on July 23 at 12:59, with a short-term bull-bear dividing line at: 118863.
(1) Below 118863, the short-term trend continues to fluctuate with a bearish bias. If you have strong market observation skills, pay attention to short-term (1-hour) bearish reversal model trading opportunities at high points; if your market observation skills are weak, give up on bearish trading opportunities in the fluctuation range, and only go long, focusing on short-term bullish reversal model trading opportunities at low points.
(2) Above 118863, the short-term pullback and oscillation has ended, and the bulls are building momentum to attack 119816;
(3) Above 119816, the bulls are strong and may launch an upward attack at any time; if it stabilizes above 123300, a new round of bullish segment trading will begin; during the bullish offensive, it is not recommended to easily short.