Evening sharing on July 17


Currently, the market shows that Bitcoin is experiencing alternating bullish and bearish pullbacks on the four-hour chart, with the price running below the middle band of the Bollinger Bands. The momentum indicators are all showing weakness, and the overall trend is tending towards balance. On the one-hour level, after multiple attempts to test the resistance above 119,000, it is now under pressure, with two consecutive bearish candles pulling back, and the three lines of the Bollinger Bands are turning downward.
Subsequent operations should focus on the support at 117000. Before a solid break below, a pullback can continue to connect.
Operation idea: Bitcoin 117300-117800 range, target 120000; Ethereum 3380-3400 range, target 3520.
BTC0.25%
ETH3.27%
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