7.17 Evening

Currently, BTC is trading sideways in the 630 range. The price remains under pressure below both the 5-period and 20-period moving averages, and the short-term moving averages form a standard “bearish shelf” suppression arrangement, which is enough to show that the earlier rebound attempt has not reversed the overall 4-hour-level ↓ rhythm.

It is already nearing the 62,500 area at the Bollinger lower band, and it is also approaching the support at 62,400 for this phase’s swing low. The price is in the bottom-testing stage after the downswing; the effectiveness of support below will determine the strength of the evening rebound and the opportunities to buy dips. Even if the short-term trend is weak, the low-support zone still has technical repair demand. In terms of execution, prioritize waiting for a rebound to support a low-entry buy.

**Recommendations**
- **BTC:** 628-622 (range: “哆”); target 642-655
- **ETH:** 1810-1780 (range: “哆”); target 1880-1920