2026.7.17 10:21 (early) BTC/ETH/XAU/AI analysis

That night, the market drained $353 million; 89,492 people went bankrupt. US stocks kept falling in succession—only in the first week of July, the AI sector saw nearly $20 billion in capital exit. The accelerated sell-off and capital outflow this week will only be more. So recently, after taking an ORCL stop-loss, I haven’t been trading US stocks. Even the bellwether SNDK has dropped 40%+ in half a month, and it hasn’t bottomed yet!
Net selling of US tech stocks hit the biggest record in 10 years (z-score -4.0). AI data centers are extremely power- and water-hungry, which may push up residents’ electricity prices, increase grid pressure, and cause environmental pollution (noise, impacts to air/water quality). Polls show about half of Americans worry AI will lead to family members losing jobs; 71% are concerned about permanent loss of positions (white-collar jobs are affected more).
BTC
Support 60,450 / 58,450
Resistance (tentative) 65,850-67,135 / 71,000
This support-resistance level hasn’t changed for nearly a week. The other night it even spiked to 75,589; right now it has pulled back and is consolidating around 63,450. With US-Iran conflict escalating nonstop and global capital in AI exiting massively, it can be said to be extremely resilient!
The live stream last night indicated a short-headline rebound trend on 1h/2h; shorting on a rebound is possible, but it’s very weak—the rebound hasn’t reached the short zone. In a moment of broad global financial retracement, BTC can’t really show independent performance either—another period of consolidation that takes time is here!
ETH
Support 1,635 / 1,560
Resistance (tentative) 2,000
For ETH, between 1,900 and 2,000 I already advised cutting spot positions by 30%-40%. If 1,835 can’t hold, cut spot another 30%, then look for opportunities to add back at lower levels to rebuild your position.
XAU/XAG: last night, I bought a small amount of XAG; it also got pulled down by the US-Iran conflict. Strictly follow your stop-loss! If tonight doesn’t give an opportunity to hit take-profit, and there’s a chance to get back to break-even, then exit first—but this weekend, this trade!
US stock SNDK has completely collapsed; it has dropped 40%+ in half a month. Last night, once it broke below 1,400 on the live stream, the shape was basically formed. Right now it’s already back to 1,355. Given tonight is Friday and there’s a weekly-candle repair demand, tonight may also have a small chance for a rebound. This round can only congratulate those who shorted above 2,100!
The trading suggestions do not constitute any investment advice: large-scale capital is exiting AI, the US-Iran conflict is escalating, inflation may rise again, and rate hikes are back on the agenda—this year is destined to be a tough one. The difficulty this year is different from 2020/2022: 2020 was the difficulty of the pandemic and policy; the pain in 2022 was from rate hikes—both were more straightforward. This year has too many external factors: locked-door old problems, runaway local conflicts—these all scramble the financial order. As the classic line goes: the bigger the storm, the more expensive the fish!
Protect your principal—wait for a once-in-a-millennium spot all-in opportunity. Wealth reorganization and redistribution are hidden at the moment of maximum risk; achieving a huge personal wealth increase is exactly within this kind of major turning point!
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