7.17 Jinglu Summary

Today, BTC intraday saw a complete bottoming and repair then a resurgence under pressure. During the day, prices continued to fall; the market’s low briefly dipped to the 62,510 level. After short-term bears concentrated and released pressure, buy-side support appeared at lower levels, driving a repair and rebound.
The price then continued to oscillate and move upward all the way, reaching the upper band’s pressuring zone at 63,543. The momentum of the bulls quickly weakened, making it difficult to break through the overhead resistance. After that, the price gradually pulled back and entered a tight range oscillation near 63,489.

On technical indicators, KDJ entered the overbought zone and began to turn. MACD’s bullish incremental momentum also slowed in sync. This current upswing is only a short-term technical correction following a big drop. Overall, upside momentum is insufficient, and resistance overhead is heavy. The day’s movement was: first down, then a rebound; higher levels were met with resistance and failed to continue.

Tomorrow, we continue to look for a downside target of 62,000–61,500.

Today’s market move is officially closed—no matter what you gained today, turn the page. Gains and losses are all training provided by the market. Adjust your mindset well, organize your thoughts, recharge your energy, and tomorrow hold the rhythm steady to keep heading toward profits!
$BTC $ETH #USDT充值理财双重奏 #ETH站稳1900美元