Analysis of the current price structure of BTC and future directional assessment (Institutional perspective):

Taking BTC/USDT perpetual as an example, from the current price structure, it is a strong oscillation dominated by the bulls. The analysis and judgment of the current price still maintain the viewpoint published on July 23 at 12:59, with the overall strategy focusing on long positions, supplemented by short positions. With ETH leading, the bulls continued to attack on July 27, standing above 118863. Considering that the price structure has not changed, the short-term bull-bear dividing line remains at 118863. The specific analysis and judgment are as follows:
(1) Below 118863, the short-term continues to fluctuate with a bearish bias. If you have strong market observation skills, pay attention to short-cycle (1 hour) bearish turning point model short trading opportunities when prices rise; if you have weak market observation skills, give up short trading opportunities in the fluctuation range, only go long, and pay attention to short-cycle bullish turning point model long trading opportunities when prices dip.
(2) Above 118863, the short-term pullback and oscillation have ended, and the bulls are building momentum to attack 119816;
(3) Above 119816, the bulls are strong and can launch an upward attack at any time; if it stabilizes above 123300, a new round of bullish swing trading will start; during the bullish offensive, it is not advisable to easily short.