7.13 Zheng Chen Evening Thoughts

Four-hour level: The market shows a slight upward trend with two consecutive bullish candles. Although the bullish candlestick bodies are relatively small, the overall trend is still within the upward channel, and the oscillation shows a clear strong pattern.
Hourly level: After experiencing a four consecutive green candle rebound, the bears have shown some pullback. The MACD indicator's fast and slow lines are gradually converging, and the Bollinger Bands are in a contracted state, indicating a compression of space. The price has not broken through the high point of 118500, nor has it lost the low point of 116500, forming a range of fluctuation.

Operational Strategy: Treat it with a range-bound mindset until the range is broken, adopt point-card operations, and layout high short and low long positions.

Bitcoin swing: Short near 118500, target 116500.
Two pancake wave: Short near 2980, target 2900.