2025.7.21 BTC Market Analysis and Operational Strategies 1. Market analysis ① Daily level: Yesterday we received a bearish candlestick with upper and lower shadows, and the lengths of the upper and lower shadows are similar, indicating that the long and short forces are evenly matched. The MACD energy column is gradually shortening, indicating a weakening of upward momentum, and the fast slow line is about to form a high-level dead cross, with a high probability of a subsequent pullback. ② 4-hour level: Currently, the market is still running within the 4-hour box. Pay attention to the pressure near 120500 above the box and the support near 116000 below the box. If it breaks above the box, pay attention to the pressure at 121500-122500-123300 above. If it falls below the box, pay attention to the support at 114000-112000-110500. 2. Operational Approach If the market reaches a pressure of around 120500 above the box, and cannot break through, you can lay out short positions. If it reaches a support of around 116000 below the box, if it cannot fall below, you can lay out multi position positions. We need to make a good replenishment plan and strictly implement take profit and stop loss measures.