Recently, there have been warning signs in the Bitcoin market. The daily chart indicators show that Bitcoin has entered the Overbought area, while short positions signals are starting to emerge. Currently, the Bitcoin price remains at a high of $117,773.9, but the market has accumulated nearly $4 billion in long positions underneath, which is concerning.

Analysts predict that if a correction begins, the price of Bitcoin may drop to around $109,750. This potential decline should not be underestimated, as it could result in significant losses for many investors.

It is worth noting that as we approach the end of July, whether the current upward trend will face a deep adjustment has become the focus of market attention. Some experts believe that this may be an inevitable adjustment after Bitcoin's rapid rise in recent times, while others are concerned that this may signal a larger market shift.

Regardless, investors should remain vigilant and closely monitor market trends. In this high-risk market environment, managing risk wisely and moderately adjusting positions may be prudent. At the same time, some analysts point out that this adjustment could provide new entry opportunities for long-term bullish investors in Bitcoin.

Finally, we must emphasize that the cryptocurrency market has always been highly volatile, and investors should conduct thorough research and risk assessment before making any decisions.