【Detailed Analysis for July 17】

Yesterday, Bitcoin had a slight rebound, driven by the second cryptocurrency. Currently, Bitcoin is fluctuating at a high position, and it’s definitely not going to rise to the target quickly. At present, there are no bearish signals, but if those who want to enter the Bitcoin market can wait until the market clears the leverage before considering entry. In today’s market, it’s advisable to wait for a pullback before considering positioning. In the coming months, the market trend will be upward, so it is wise to temporarily abandon high-position strategies. Additionally, last night's news reported that the probability of an interest rate hike in September has reached over 50%. The upcoming market adjustment may present a buying opportunity. The resistance level above is around 126280, while the support level below is around 115100.

Ethereum had an independent rally yesterday, which delighted the E-coin warriors in the market. With the rise of Ethereum, it has driven a few altcoins as well. Currently, it’s worth paying attention to the price of 3530, as the first time reaching this level will likely lead to a pullback. It is not advisable to chase the price at the current position. For those who entered at lower levels, just hold on. It is expected that soon, we will see prices above 3500!