7.17 Market Snapshot Analysis



SOL Silk Road Reference Layout
Entry range: around 76—78
Stop-loss: above 77.5
First target: 75, second target: 74

The spot ETF has seen net outflows of funds for multiple consecutive days, and institutional buy-side demand has fallen sharply; futures positioning has also contracted in tandem. Leverage positions have been actively reduced and holders have exited, leaving the market with insufficient confidence to go long and lacking long-term ETF buying to drive sentiment.
The rebound’s peak in this round has stepped down level by level; the 80 level has become a strong resistance, and each attempted push up has been hammered back down. The 75 support level during the day is in serious danger; if it breaks down effectively, with no dense buy orders to take over below, the downside room will be completely opened #PreIPOs第二期OpenAI认购 #USDT充值理财双重奏 #ETH站稳1900美元 $BTC $ETH
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