7.17 Thursday

Good afternoon, everyone!

The date yesterday was written incorrectly, but as long as everyone can understand it, that's fine. The day after tomorrow in the afternoon, it was suggested that if Bitcoin/Ethereum does not break the two levels of 1170 and 3100, the market will rebound. It was also mentioned that while Bitcoin was consolidating and fluctuating, other coins would catch up. Ethereum has exceeded the expected rebound and has risen sharply. Bitcoin has been stumbling and has also approached our previously mentioned second target of around 1200. If it does not stabilize at this lower level, we will see a pullback.

In the early hours of the night, I saw that most of the mouthy KOLs in the square were shouting about Auntie Space, and the big cake was rising without any pullbacks, making it unnecessary to consider shorting. Of course, this surge indeed exceeded the general perception of Auntie, and we only left a small tail to chase it a bit. If you like watching the "Eternal Profit Master make money on both long and short," I can't help it.

Bitcoin is currently in a low-level correction and consolidation. The support target to watch for is around the low of 1170 in the afternoon of the next day. If it does not continue the trend, it will rebound; if it breaks down, then look for the area around 1157-1155. For the upward rebound, the initial target is around 1185-1187, and if it breaks through, then look for the high of 1200-1205 in the early morning.

The concubine is currently under pressure, with initial support targets around 3310-3280. If it breaks below, then look at the 3240-3200 range. If it bounces back at the third target without continuing the drop, then consider entering for a rebound. The upward target is initially set around 3350, and if it breaks through, then look sequentially at 3400-3460.

Overall Silk Road recommendation summary, first look for a pullback during the day, and then consider entering for a rebound when it reaches the support level. Pay attention to the real-time movements of Bitcoin as a reference to adjust direction and entry/exit strategies. #Gate 2025 Q2报告出炉 #比特币巨鲸动向 #山寨季何时到来？