July 17 BTC/ETH Mishu Strategy

News:
Vosch’s remarks poured cold water on the market: after the data was released, Vosch clearly said, “It is still too early to declare victory over inflation,” reaffirmed the commitment to a 2% inflation target, and took a more cautious stance—without further “adding fuel” for the market.
Affected by the latest round of conflict between the US and Iran, oil prices have risen by about 12% this week. This is a thorn in the market’s mind—if oil prices keep trending higher, the inflation data over the next few months may not be as “benign” as these past two times. That’s also why, after good news was realized, funds didn’t choose to keep chasing higher prices, but instead locked in profits.

Technical analysis:

BTC: After the CPI data pulse on Tuesday, there was no room for further upside exploration. After touching the upper edge of the second range box near 65,400, it started adjusting. It has since fallen back to around 63,500, near the middle axis of the first range. If it breaks below the lower edge of the first range at 62,888, it would give back all the gains since CPI—then intraday you can use 62,888 as a defense level for some left-side attempts. For short-covering (buying the dip), you can enter near the upper edge of the first range around 64,100, with defense back to the middle axis of the second range at 64,800. (See chart for details)

ETH: After consolidating yesterday in the pressure range 1,909–1,965, Mishu’s momentum to push upward wasn’t strong. Subsequently, it chose to adjust, and now it’s testing whether support below at 1,825–1,855 holds effectively. On the 1-hour technical structure, the range/ordering is clearly visible, and there’s still no acceleration sending signals—so for now, we’ll keep an eye on the range trend. Watch whether the two support zones below will provide signals for a bottom. For short-covering (buying the dip), look for signals at 1,880–1,895, using 1,910 as defense. (See chart)$ETH ‌#USDT充值理财双重奏