$ETH Liying in the crypto circle: Latest market analysis for Bitcoin (BTC) and Ethereum (ETH) as of 7.17

　　
　　Bitcoin current price is 64,640. It’s stuck at this level and not moving. What does that mean? It means that there are sellers above, and buyers below—bulls and bears are pulling against each other. The current market is a typical range-bound market with pressure overhead and support underneath. In the moving average system, EMA7 has started to turn downward and has formed a dead cross with EMA30. This indicates that in the short term, the bears have the upper hand, and pullback resistance is relatively strong. After the MACD forms a dead cross, it continues to diverge downward. Even though the red momentum histogram hasn’t expanded significantly in volume, it means the correction hasn’t ended yet. The Bollinger Band midline is currently around 64,694, and the price is being suppressed by the midline. If today’s close can’t reclaim above the midline, it’s likely to test the support strength of the lower band at 64,071. Overall, the indicators are bearish—be alert to the risk of a slow, grinding decline
　　
　　Short-term ideas for reference:
　　
　　Go long at 64,000-63,500, stop loss at 63,000, target 65,500, aiming for 66,000
　　
　　Go short at 66,000-66,500, stop loss at 67,000, target 65,500, aiming for 64,500
　　
　　Ethereum
　　
　　Family, before the ETH update, Ethereum was at 1,880. It surged from over 1,700 all the way up; the high hit 1,946, and then it started pulling back. The current situation is like a long move that takes a breather—the price retraced right to the 30-day moving average. At the moment, the EMA moving-average system shows a pullback correction after a bullish alignment. The MACD forms a dead cross above the zero axis, which means this is a benign correction rather than a trend reversal. In terms of the Bollinger Bands, the price has fallen back to below the midline at 1,900 and is currently probing the lower band support area. Also, the Bollinger Band opening is still pointing upward, indicating that the medium- to long-term uptrend channel has not been broken. Overall, the market is in a technical pullback during an uptrend. As long as 1,870 holds, there’s still a high probability that it stabilizes and rebounds in the future
　　
　　Short-term level references:
　　
　　Go long at 1,880, defense at 1,840, stop loss at 1,800, target 1,950, aiming for 1,990
　　
　　Go short at 1,980, defense at 2,020, stop loss at 2,050, target 1,950, aiming for 1,900
　　
　　The above content is exclusively original by Liying. Please cite the source when reposting! The article publication review has a delay; the market changes in an instant. The above suggestions are for reference only—risk is your own. ‌ $BTC ‌ #韩国KOSPI暴跌5%触发熔断