Evening Analysis on July 17 $BTC $ETH

In the morning, Bitcoin (Big Pie) rebounded from around 117600 to 119200 before falling back, currently quoted at 117800. The morning short position strategy has been validated as effective.

Technical Analysis (1-hour chart):

Bollinger Bands: Price is running near the lower band, indicating short-term pressure.

KDJ Indicator: Death cross pointing downwards, suggesting there is still room for downward movement.

MACD Indicator: Bearish momentum is increasing, trend is leaning bearish.

Operational Suggestions:

Bitcoin:

Entry Range: Short near 118000-118500

Target Range: 117000-116000

Ethereum:

Entry Range: Short near 3450-3470

Target Range: 3400-3380