July 17 evening BTC and ETH strategy analysis

During the US Pm session, although BTC experienced a short-term rally at the end of the European Pm session, the overall topping-side pattern remains unchanged. After the price rebounded above the Bollinger middle band, momentum weakened; the KDJ indicator’s J value has entered the overbought zone, and the shortening of the MACD red histogram suggests signs of a top divergence. Combined with the day’s weak performance and heavy suppression from the dense EMA lines above, it is expected that in the period around the US Pm opening, the market will continue the “bull trap leading to selloff” script. In terms of operations, it’s recommended to wait patiently for confirmation of a rebound-failure signal before entering to short.
BTC: After rebounding to around 64,000–63,500, expect resistance; consider a light short, with targets around 62,200–61,500.
ETH: After rebounding to around 1,860–1,880, expect resistance; consider a light short, with targets around 1,800–1,760. #PreIPOs第二期OpenAI认购 $BTC $ETH