7.17 Thursday

Good afternoon, everyone!

The early morning reminder is to first observe the rebound before considering buying the dip. Currently, ETH is still quite strong, and it has slightly pulled back near the fourth target level I provided. Relatively speaking, Bitcoin is still continuing the oscillating trend from the previous day. Every time Bitcoin fails to pull back and starts to oscillate sideways, it increases the probability of other cryptocurrencies catching up. At this moment, pay attention to the trend of BTC/ETH, and if the recent low positions of 1170 and 3100 do not break, it will continue to rebound.

The current upward target for Bitcoin is still to look at the 1185 position mentioned the day before. If it breaks this level, then we look at the area around 1200-1220. The upward movement can only be sustained if it stands firm near the second target, indicating that the current minor pullback has ended and we can continue to look for new highs. Otherwise, the market will face resistance and pull back. The downward target to watch is the low of 1157 mentioned the day before, and if it breaks this level, we will look down to around 1146.

The concubine is currently under pressure with a slight pullback before rebounding. The initial upward target is around 3150-3170. If it breaks that level, then look at the 3190-3220 range. The upward movement should also consider the overall market trend; if it cannot stabilize around 3200 during the rebound, the market will pull back. The initial downward target is around 3050-3030. If it breaks that level, then look at the 2990-2960 range.

Overall Silk Road summary for the day, first look for a rebound, wait for the rebound to face pressure before entering high shorts after not adding much at low positions, manage your entry with a defense, adjust according to your own holdings, and do not overly defend against the pattern to avoid a return of energy. #Gate 2025 Q2报告出炉# #CPI数据来袭# #山寨季何时到来？#