July 23 Daily Report

Objectively speaking, the trading volume has been shrinking and unable to continue the upward trend, but the long positions are still very strong in sentiment, repeatedly attacking 68500. If any other target besides BTC has such sentiment, the sentiment must be dominant, and all technical analysis would be irrelevant. BTC will definitely be bullish in the long run, but the reason for caution in chasing rising prices is that the sentiment is in place, but the trading volume is insufficient. Is it possible for OTC funds to enter the market again? Of course. No one can predict it, but currently, the Asian market is selling, and the US market is buying. As it gradually becomes harder to buy, there are reasons for both going up and down at this level. It is entirely possible to wait for a while.
For those with short orders, there is no need to despair. The market that hasn't had a certain retracement cannot last long. Be patient and wait. Of course, those who get liquidated quickly still need to pay attention to position risks.
(From TV- AiTradease)