Zhou Yanling: 7.17 Today's Bitcoin BTC and Ethereum ETH Latest Market Trend Analysis

Seize this bearish opportunity, pay attention to the support near 61700 below the big coin, if it doesn't go down from here, it is expected to rebound again. It's best to take advantage of such pullback spaces, but also be mindful to take profits when you can. Daily lows continue to rise, this pullback is digesting the previous overbought, RSI returning to neutral builds strength for a second rise, MACD golden cross is intact, and the 61700 bottom whale accumulation support is solid. The expectation of interest rate cuts and easing will provide long-term floor support. The resistance points for subsequent rebounds are still at 63800 and 65600. The complete rising channel on the 4-hour chart is intact, this time the pullback coincidentally hit the middle track of the channel. The entire decline is characterized by shrinking volume with no major forces escaping, and 61700 is the lifeline for this round of rising; as long as the pullback does not break, it is an opportunity to buy low. The 1-hour chart is short-term correcting the overbought pressure; relying on the 62400 moving average has repeatedly stopped falling, and the bullish support is sufficient. After the consolidation ends, it is expected to rise again and challenge 63800. The current phase of pullback is a rare opportunity for low buying.

Zhou Yanling 7.17 Big Coin:

1. Sell at 64000-63200, stop loss above 64800, target 62500-61700

2. Buy at 61700-62500, stop loss below 61000, target 63200-64000

Zhou Yanling 7.17 Auntie Coin:

1. Sell at 1870-1840, stop loss above 1900, target 1780-1750

2. Buy at 1750-1780, stop loss below 1720, target 1830-1860

【The above market analysis is for casual reference only and does not constitute investment advice!】

This article is exclusively shared by senior analyst Zhou Yanling (Public Account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. He possesses a solid theoretical foundation and practical experience, is adept at combining technical and news-based operations, focuses on capital management and risk control, and has a stable and decisive trading style, recognized by many investment friends for his easygoing yet responsible character and sharp, decisive operations.

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