Night Highlights on July 29

Pay close attention to the resistance level of 118700 for Bitcoin during the night. If the four-hour closing price cannot stay above this level, it indicates that the rebound lacks strength, and we need to look down at the support level of 117500. If this level breaks, we will have to look for support between 116000 and 115000. However, if the four-hour chart can close back above 118700, then those holding short positions should exit first, as the market is likely to start consolidating. The resistance above is at 119800-120300, but unless the level of 121000 is broken, a significant rally will still be difficult.

The four-hour level for the secondary wife has weakened now, and 3840 is a key position. If the four-hour line cannot close back above 3840 tonight, it will have to go down further, first looking at 3730, and if that breaks, then looking at 3600-3530. If it can close above 3840, then don't hold onto short positions, as the market might push up again, with resistance above at 3900-3950, and if it breaks through, we can look at 4000-4100.