Analyst Liang Qiu: 7.17 Bitcoin/Ether market analysis in the early morning

Bitcoin/Ethereum market sentiment remains high, but each wave of price increases also presents a good opportunity for a short position. In the early session, we had short positions around 118800 to 119300 and 3380 to 3400, and the market fell to 117600 and around 3310. It then rebounded again, especially in the Ether segment, which directly broke the recent high again. As a result, some people were still calling for short positions in the early session, which is indeed impressive. Isn't there more than 70 points of space above 3380 to 3310 without taking profits and exiting?

Currently, the market has surged and then retreated, still showing a fluctuating trend. The current trend is indeed quite strong, but after Ether surged, the four-hour and eight-hour charts began to show bearish candles, which is also a gradual signal of reaching a peak. Furthermore, Bitcoin has repeatedly faced resistance and retreated from the 119,000 to 120,000 range. Each round of altcoin surges is basically a process of the market reaching its peak. It is advisable not to chase buys during the rise, but the lower levels around 3,300 and 116,000 can be relied upon for short-term support, combined with the subsequent market conditions. We can look for a rebound, but if the market conditions are weak at that time, we should not consider it.

Evening operation suggestions: around 119300 to 119800, target near 117500; Ether around 3430 to 3450, target near 3350. #Gate 2025 Q2报告出炉# #比特币巨鲸动向# #山寨季何时到来？# .