Yueying: July 17 BTC & ETH Today’s Market Analysis—Is It a Fake Breakout to Lure Longs? Wait for Support First, Then See What Today’s Share Has!

Big Cake Technical Analysis————
Looking at BTC on the daily chart: the previous K closed in the red again, then it slid back to the middle-band area. During the day, the market opened and continued its weak bearish drift downward. The Bollinger Bands are slightly contracting, and the short-term moving averages are running downward. The MACD fast and slow lines have turned downward, while the histogram shows shrinking volume. The KDJ extends downward—watch for support around the 0 value. The VR indicator is consolidating around 110.
On the four-hour chart: the downtrend continues with consecutive red candles and no rebound so far; price is currently hovering in the area around 62,500, just above the lower band. The Bollinger Bands are contracting upward, and the short-term moving-average crossover tilts downward. The MACD fast and slow lines extend downward, with green histogram bars continuing to expand. After the KDJ breaks below the 0 value, it has slightly turned upward. The VR indicator is consolidating around 90.
Overall: a single strong green candle pushed a “breakout,” but it appears to be a false breakout. The market is now retracing again—only look to see whether the short-term key support can hold. For now, don’t overthink the market. Follow intraday volatility. For short-term reference, support is around 61,500. If support breaks, don’t get involved. If support holds and you want to go long, then that’s fine. Short-term suggestion;

Big Cake Short-Term Suggestion: Long 62,000 (If the strategy is activated and you have profit, take it as you see fit)

Auntie (ETH) Technical Analysis————

ETH’s price action is following Big Cake with continuous bearish candles, probing lower. There’s no sign of a near-term bottom yet, so for today—Friday—you still need to observe more. The overall technical direction on the daily and four-hour charts is aligned with Big Cake; you can refer to Big Cake’s analysis. For upside resistance, watch around 1,900. For support, refer to the area above the daily middle band. Then take the short-term suggestion.

ETH Short-Term Suggestion: Long 1,780 (If the strategy is activated and you have profit, take it as you see fit)

——I’m Zhou Yueying, a teacher focused on technical analysis. If you have any questions about your trades or the trend, feel free to exchange and learn together with me! Communicate together, profit together! $BTC ‌#USDT充值理财双重奏