Thursday evening market analysis on July 17

The daily level has once again closed positively, with Bitcoin opening above the middle band in the morning. Short-term trading has entered a slow continuation rhythm. As always, as long as the price stabilizes above the middle band, the rhythm and trend belong to the bulls. Every pullback is an opportunity to enter long positions. Currently, the daily chart has formed a two-day upward trend, and there is an expectation for further continuation today. The trend and short-term outlook remain strong. At the four-hour level, the Bollinger Bands are opening upwards. After the price surged and broke the upper band, it has continued to extend. In the short cycle, we have seen a series of four small upward candles. It is still continuing to expand in volume. Although the movement is relatively slow, it still represents a healthy increase. For today's operations, we will continue to follow the bullish sentiment.

Operating Suggestions

For Bitcoin around 118,000, consider going long. The initial target to focus on is around 120,000.

For Ethereum around 3,440, consider going long. The target to focus on is around 3,550. #美国加密周