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7.31 BTC morning thoughts
The 1-hour chart shows a rise and then a fall, with 119000 acting as a short-term rebound resistance zone, and there is a high probability of a retreat upon encountering resistance. If the bulls are weak, the first test will be at the support level of 117500, and if it breaks, then the next target is 116000.
Intraday operation: Short at around 119000, target 117500, if broken look at 116000.