Analyst Liang Qiu: On 7.17, Bitcoin/Ether surged to a new high last night, preparing for a major plummet.

Bitcoin/Ethereum's market situation rose again last night, and our positioned high-level strategy unfortunately resulted in a slight loss and exit, as previously mentioned. Ether surged directly to the 3423 line in the early morning, with a daily increase of over 300 points. Currently, the market has begun to pull back from its high point, and both the four-hour and daily lines are about to close. The daily line shows that Bitcoin and Ether have all formed long upper shadows, indicating significant resistance above. From the four-hour level, Bitcoin is under pressure at the mid-line and begins to pull back, while Ether, after a surge, formed a long upper shadow and closed bearish. Such large market surges are often accompanied by significant pullbacks and consolidations. Today, we will focus on the support near the previous low point of 3230.

It is recommended to operate Bitcoin around 118800 to 119300, with a target near 117000; for Ether, around 3380 to 3400, with a target near 3300. If broken, look at 116000 and around 3250. #Gate 2025 Q2报告出炉# #CPI数据来袭# #山寨季何时到来？#