【July 17, 25-Year Market Outlook $BTC $ETH

From the on-chain data, we can see that today the ancient whale holding 80,000 bitcoins is still offloading the remaining 40,000, while bitcoin remains unchanged, continuing to oscillate in a narrow range at a high level. It is clear that the market has begun to go crazy. This whale's minor bearish sentiment has basically been exhausted. Today, all opportunities have been given to Ethereum, which is also performing well, leading the market and having a higher exchange rate than bitcoin. Whether it can break through 4000, I personally think it definitely will. In the short term, we can only take it step by step. The key point right now is that BlackRock has increased its holdings by 150,000 Ethereum, and previously the market manipulators have already accumulated enough chips. Additionally, the current spot ETF has made Ethereum the institutional favorite aside from bitcoin. All these factors are becoming the most important reasons for the price increase. As for the expected interest rate cuts that have been mentioned, it is already late July, and there is still a month and a half until the expected cut in September. This is enough to prove that the subsequent market rebound will definitely be significant. Those holding at the spot bottom must hold steady and not exit easily.

From a technical perspective: Bitcoin's daily chart shows that the previous candlestick closed positively, standing above the 7-day moving average. The market opened today and is testing the 7-day average again. The Bollinger Bands are in an opening state with short-term moving averages trending upwards. The MACD fast and slow lines are extending upwards with signs of turning. The volume bars are decreasing, KDJ is crossing down, and the VR indicator is consolidating around the value of 180. On the 4-hour chart, the market is oscillating upwards, breaking through the middle band and then falling back again. The Bollinger Bands are in a flat state, and the short-term moving averages are operating around the middle band. Overall, the market trend is in line with expectations, maintaining a consolidation phase. There is a high probability of a strong bullish surge in the future.

Bitcoin 4h Support: 117355 Resistance: 119200

Ethereum 4h Support: 3356 Resistance: 3520

Today's Fear Index: 73 (Greed) 4-hour Long/Short Ratio: 52.1% / 471.9%

Today's Hot News:

🪅 Cumberland transfers 44,000 ETH to Coinbase Institutional

🪅 US SEC Chairman: Supports the merger of the SEC and CFTC

🪅 US SEC delays decision on Bitwise Bitcoin and Ethereum ETF physical redemption

🪅 Former Fed Governor Waller: Trump's public push for the Fed (rate cuts) is correct

#以太坊连续两日领涨 #特朗普施压鲍威尔 #山寨季何时到来?