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Highlights on July 27th
The market is currently showing a volatile upward trend, with the small-scale bullish pattern of Bitcoin gradually taking shape. The key support has moved up to 117700. If this level is maintained, a continuation of the upward movement is expected, with the primary target at 118500. After breaking through this level, the range of 119600-120500 can be observed. It should be noted that if the hourly close falls below 117700, a short-term decline to the support area of 116500-115000 may occur.
The aunt's various cycles maintain a bullish structure, testing the 3800 resistance in the morning before entering a consolidation phase. During the day, pay close attention to the 3750 support level. If it stabilizes, there is still upward momentum, targeting the 3800-3900 resistance zone. If the 1-hour line fails to hold 3750, a pullback to test the 3700 support may occur, and a further breakdown could lead to a decline to the 3600-3530 range.