7.17 Bitcoin/ETH trading reference

In the short term, BTC is under pressure due to weakness in US stocks and geopolitical suppression. After hitting resistance above 65,000, BTC pulled back to test support below. 63,000 is the first line of defense; if it breaks, look to strong support at 61,000--61,500. ETH has been relatively weak—watch support at 1,850 and 1,750. On the four-hour chart, the overall trend is bearish; for BTC trades, you can choose to open shorts again at 64,800--65,000, with a stop-loss at 66,000 and a target at 63,000. If 63,000 is decisively broken, continue the short, targeting 61,500--61,000. For ETH, consider opening a short around 1,900, with a stop-loss at 1,960 and targets at 1,800--1,750. There are potential long opportunities below: for Bitcoin, still consider 61,000--61,500; for ETH, consider around 1,750. Go long only if you get a good entry; if you set the entry too high, it will be difficult to place the stop-loss properly. At that time, I will give timely reminders to friends who are following the trades.
In short, right now Bitcoin is trading in a wide range between 61,000--65,000. This 4,000-point range is temporarily hard to break. ETH is between 1,750--1,950. When we trade, try to structure longs and shorts according to the higher and lower points to keep risk much smaller. $BTC ‌