‼July 17th [BTC Market Analysis] Last night, the US stock market opened low and pulled back to the trend line, showing relatively stable performance, leading to BTC's high-level consolidation. After yesterday, #BTC和# ETH is currently experiencing increased divergence, with ETH rebounding and recently reaching a new high, with pressure around 3450. ETH may have favourable information about to be released, continue to follow. If the market maintains a strong structure, it may initiate a second attack on the pullback position, maintaining the view that the support level is 114500 (with a range of 1000). Once it holds above this level, it will make another attempt to reach new highs. Current key support level: • Around 114500 (12-hour trend line support cannot be broken) If it cannot hold above this level, it may face a technical adjustment in the short term, suggesting to appropriately reduce position and take profit within this range. Current core range reference: • Lower support: around 109000 • Upper pressure: around 122300 Remains unchanged, if the market changes, updates will be made in a timely manner.