$ETH 7.17 Daily Analysis:
Ethereum finally took the spotlight, surging 300 points in one day on July 16. There are 13 days left until Ethereum's 10th anniversary. Is this a true market reversal or just a fleeting moment?
The daily candlestick chart shows a high of 3423 and a low of 3099. The highest point just touched the key level of the upward trend without breaking it. On July 17, a pullback is highly likely, and everyone can continue to set up short positions in the 3400-3470 range (reasons can be seen in the chart). If you want to go long, do not enter at this position; wait for a pullback to 3060 to enter, unless the 1-hour candlestick has 4-6 consecutive candles standing above 3070. However, currently, the 1-hour candlestick has already shown a bearish golden cross, so those who trade on the left side can enter short positions now. #山寨季何时到来?
Intraday short-term reference:
Short position entry point 3400 to 3470, stop loss 30 points, target 3060 to 3100.
Long position entry point 3470, stop loss 30 points, target 3660 to 3720 (if there are 4-6 consecutive 1-hour candlesticks standing above 3070).
$BTC 7.17 Daily Analysis
BTC still holds those key positions I've mentioned. The trend these days is mainly downward for a pullback. If the 1-hour candlestick does not have 4-6 consecutive candles standing above 120200, continue to view it as bearish; conversely, if it does, add a long position to take profit at 122000.
Short positions should take profit at the key pullback levels and the bottom of the second price channel at 114000-114500!!
Be sure to set a stop loss!!! Safety first; the goal is to minimize losses and maximize gains!!!