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Market Analysis on July 17
Bitcoin surged from $116,000 to around $120,000, then fell back to around $118,200. It can be seen that the bulls and bears are once again entering into a contest in the range of $116,500 to $118,500 to $120,500. From a technical perspective, this can be understood as entering a new round of consolidation. Once the consolidation is complete, it will build momentum to break through the previous high. Ethereum has been showing strong momentum recently, breaking through $3,350 in one go yesterday, successfully entering a consolidation range of $3,250 to $3,650. There is a willingness to continue pushing towards $3,650. If Ethereum rises to around $3,650, one can consider implementing a short-term profit-taking strategy.
Trading Strategy
Bitcoin: Consolidating and ready to break out
$118,500 to $117,500 to get on board
Supplement position with 116500 to 115000 US dollars
113000~109500 USD hold
$108,000 to $106,000 stop loss
Ethereum: Leading the Market Strongly
Continue to hold low-position chips
Get off at 3550 to 3650 US dollars
There are no chips to find an opportunity to get on board.
Buy in at 3300~3250 USD
Buying on dips at $3150 to $3000
3030 to 2950 USD holding strong
2865 to 2720 US dollars lying flat
$2660 stop loss!
Spot intraday orders, invalid upon expiration, waiting for the next new strategy.
(Note: The above analysis does not constitute investment advice. The market is constantly changing, and strategies need to be dynamically adjusted based on real-time data.) #山寨季何时到来?# #Gate 2025 Q2报告出炉#