7.31 midday strategy analysis

From the market perspective, affected by the Fed's interest rate cut being less than expected in the early morning, the Bitcoin bears pushed the price down from around 118,000 to about 115,700. After that, the bulls retaliated, and it is now fluctuating around 118,400.
Looking at the four-hour chart, Bitcoin has risen overnight and is struggling to break through key levels. From the MACD perspective, all three lines are in a parallel state. The high level for Bitcoin is expected to break through the 119000-119500 range, while the short-term decline is seen in the 117500-117000 range. A rebound from the lowest point is expected in the 118500-119000 range.

From the perspective of concubines, look for a drop from 3880-3900 to enter long at 3800-3770.