7.17BTC/ETH Market Opinion:

Bitcoin surged to 120,000 and pulled back. Short-term resistance can be focused on 120,000 and the previous high of 124,000. Support below is at 117,700, 116,000, and 115,000. If it does not break below 115,000, there is no consideration to chase shorts. If it breaks below 115,000, the market may weaken.

The weekly K line surged but was pressured by the upper track and is now pulling back. The KDJ is turning down from a high position, and the RSI is turning down after being overbought, so we must be cautious of the risk of a high position pullback. Upper resistance is at 120,000 and 124,000; when chasing the rise near high positions, be sure to pay attention to whether it can break through new highs.

Support below is at 117,700, 116,000, and 115,000. If the pullback support holds, consider entering with a low long position. Going long, being bullish, must also control emotions; do not be too aggressive and manage your position size. If it breaks below 115,000, then consider chasing shorts, with attention on the daily K line lower support at 112,300.

Ethereum has already entered an independent market; currently, it is not advisable to guess the top. Shorting requires caution; if the price strongly breaks through the weekly K line upper resistance and stands above it, there are no signs of weakness in the indicators, and the overall direction is strongly bullish. 3423 is not the top; upper resistance is at 3500 and 3630. Looking at the daily K line, there is a need for a pullback, with the RSI being overbought and turning down, and the short-term 4-hour level is currently in a pullback.

Support below to focus on is at 3300, 3230, and 3120. Only if the pullback reaches these positions can long positions be considered for entry. There are currently no short plans for Ethereum, which is in a strong upward trend.

The above is only a personal opinion; please be sure to view it rationally and objectively! #币安HODLer空投ERA