1. Cryptocurrency blogger express

1. Top trader Pigeon

Pigeon updated at 2 AM Beijing time on the 17th:

I set a rather wide sell order range on ETH, which has now started to be gradually hit -

I am a trader at heart, and this wave of market movement is the strongest trend I could hope for.

If you are satisfied with your earnings, consider passing on good fortune to others as a gesture of goodwill.

Good morning, GM~

Updates at 11:27 AM Beijing time on the 17th:

My current short-term position (LTF book) is the lightest it has been recently -

I still hold the core structural long position (HTF longs) for the long term and do not plan to intervene excessively.

But I believe most targets really should face a correction.

(Pigeon took profits on short-term long positions, believing a correction is due, but still has long positions open.)

2. Trader Vivian

Updates started at 11:56 PM Beijing time on July 16:

The low point of 116-117K is approximately the low point for Monday, so Asian traders can sleep soundly tonight.

Altcoins haven't finished their run today; although it may be volatile, it still leans bullish with 1-2% room left. We shouldn’t easily short; it's advised to remain watchful.

The drop from 120K to 116-117K is a very slow process; the real decent short opportunity was actually on Friday (TGIF).

The weekend market will stagnate, with a slight increase on Sunday, and Monday may test lower points again, then the market will continue next week.

There’s basically nothing good to trade this weekend, and tomorrow will be the same.

Tomorrow is theoretically the short point for phase one, but it's practically difficult to grasp. The ideal short points are Friday and Monday, while the best long opportunity is early next Tuesday.

Reference price conversion:

• BTC 116K ≈ ETH 3000 - 3165

• BTC 122K ≈ ETH 3600 - 3700

• BTC 108888 ≈ ETH 2777 - 2888

• BTC 135K ≈ ETH 4400

Updates at 4 AM Beijing time on the 17th:

4-hour line close update:

The current trend is in the direction we expected. We anticipate one last wave of spikes to sweep away the liquidity above.

If this wave spikes, and the 4-hour line closes below 120K, I will enter a short position at that moment.

Recommended short targets are: 1inch, Jasmy.

High-risk shorts include: Neuroeth, FUN.

High-risk short positions require very tight stop losses, and operating them may be quite tense and stressful. I will only update those practical suggestions I personally provide; the above are just reference information for traders, so you don't have to keep an eye on 100 charts.

Updates at 7:56 AM Beijing time on the 17th:

Daily close update:

Closed below 120K - this is a bearish signal, but it's not yet the time to enter. Some altcoins have not yet reached their peaks, and BTC will move sideways for a while while maintaining a bullish trend until liquidity sweeps are completed.

During this period, as long as BTC remains sideways or slightly rises, altcoins will continue to rotate and explode.

Don’t think you are smart and enter shorts early; you have to wait for the right timing. I suggest everyone rest early tonight.

Updates at 8:29 PM Beijing time on the 17th:

The real short opportunity was actually on Friday; for reference, any fluctuations that occur now are likely to rebound.

(Vivian believes there will be a drop on Friday and next Monday, with the afternoon of next Tuesday being a good time to go long; she still thinks BTC will drop to around 115K.)

3. Top trader Joshua

Updates at 2:59 AM Beijing time:

If there are altcoins that are not moving, it may be time to reduce positions.

Updates at 5:46 PM Beijing time:

I transferred funds from ETHFI to EIGEN after seeing a tweet related to re-staking with SBET, feeling this narrative has more potential.

(Joshua reminded to take profits on part of the position early in the morning, then switched to EIGEN in the afternoon, optimistic about the ETH ETF re-staking narrative.)

4. Top trader Altcoin Sherpa

No valid updates

5. Top trader Game

Updates last night in Beijing:

The market is heating up, with catalysts everywhere, and everyone is trying to persuade you; FOMO sentiment is quietly spreading.

But please remember:

No matter how good the asset, an inappropriate price makes it a bad investment.

During the peak of market sentiment, restraint is the hardest and most valuable ability.

Updates today:

Many people are desperately forcing logic, saying that Bonk is the beta of Pump.

Launchcoin is again the beta of Bonk.

But in reality:

Bonk, in turn, turned Pump into its beta.

And Launchcoin continues to be lackluster as always.

Don't chase the beta, and especially don’t chase the beta of the beta - especially when it’s not leading the charge.

(Game believes that the entry price is very important; even for good targets, the right entry opportunity is necessary. Additionally, he believes not to buy altcoins among altcoins but to buy coins with a core narrative.)

6. Top trader Pentoshi

Updates this morning in Beijing:

About $XRP - It has maintained its structure despite most coins plummeting over the past 7 months.

From the current position, there is actually very little resistance above, as there has hardly been any transactions in this range, and it is at the edge of price discovery.

From the perspective of favorable catalysts, the situation is also good:

• Genius Act is about to or has already passed.

• XRP stablecoin and banking license are about to be approved.

• The SEC's lawsuit is expected to be fully withdrawn in the coming weeks.

• There may be some mergers and acquisitions (speculation), as they will be cleared after regulatory clarity.

• ETF concepts are also included.

Whether you love it or hate it,

This wave is indeed a very good structural opportunity, coinciding with a favorable 'tailwind market'.

And so far, XRP's trend has been clean and clear.

(Pentoshi is also optimistic about XRP; he believes the rebound of altcoins has just begun, and SOL will soon reach 200.)

7. Wave Theory Liu Yudong

Daily chart for July 17, 2025

The support zone is between 115657-113872, with a decline period from July 14 to July 27, adjusting to find the end of the adjustment before pushing up to 132669.

(Liu Yudong believes the adjustment is not yet complete and will take a few more days, after which it will continue to break new highs.)

Five, Summary

Currently, Vivian and Liu Yudong firmly believe BTC has to drop further, at least to 115K. Vivian predicts it will bottom out on Tuesday the 22nd, while Liu Yudong believes it will bottom before the 27th; their views are basically aligned.

Pigeon reminded to take profits on short-term long positions early this morning, and Joshua also followed up with a reminder to take profits. Most altcoins surged again during the day, and corrections only began tonight.

Due to the influence of launchcoin, I took profits on my altcoin long positions tonight, with BGB remaining staked. The launchcoin price was still at 0.156 before I went to bed, and I woke up to find it at 0.127, eventually hitting my stop loss of 0.1239, turning over 5000U profit into 1000U. It was painful; I still need to learn more about taking profits.

Although I took profits, I will still closely monitor over the next couple of days. Once an entry signal appears, I will decisively enter again.

Take a look at BTC.D (Bitcoin market cap ratio chart).

Due to the surge of ETH, $BTC market cap ratio has plummeted. This is a bullish signal for altcoins. If next Monday's weekly close is still below 63%, then altcoins can at least rise for another two weeks. Most altcoins still have some profit space. You can take advantage of this pullback to focus on coins favored by funds or short-term pick coins that break out after a long period of sideways trading. It's best to target coins like PEPE that once had high popularity.

Final reminder: taking profits on long positions carries the risk of missing out; proceed with caution.

Statement:

The above information is for reference only and not trading advice; the cryptocurrency market is high risk, and participation should be cautious.

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