$BTC 7.17 Thursday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

The K-line in the cryptocurrency market is never just a simple game of ups and downs; it is the market filtering out restlessness and leaving clarity; washing away greed and solidifying resolve. True gains are never found in sudden surges, but in the independent judgment, risk management, and the confidence to layout strategies firmly amidst uncertainty that you learn after traversing bull and bear markets. Reviewing today's early market trends, Bitcoin strongly rebounded from a low of 118243, reaching a high of 120100; Ethereum continued its upward trend, charging ahead, ultimately encountering resistance and retreating near the high point of 3423. The bullish market that Xiao Ge accurately predicted during the early hours has come to fruition.

From the current market analysis, after experiencing a strong rebound with four consecutive bullish candles, Bitcoin's price has not continued its upward trend but has entered a technical consolidation phase. This sideways movement not only digests the previous gains but is also an important process for building momentum for future breakthroughs. Observing the 4-hour K-line chart, the price has formed a clear oscillation range between 118000 and 120000, with the market testing the psychological level of 120000 twice during the early hours. After reaching a high of 120100, it faced a bearish attack, forming a shooting star pattern with a long upper shadow. The selling pressure above remains heavy, maintaining a bullish outlook in the morning while still monitoring the breakthrough situation at the 120000 level, with flexible control.

Bitcoin: Buy near 118300-117800, short-term target 120500

Ethereum: Buy near 3330-3300, short-term target 3400