0717 Bitcoin/Ethereum market report 📢📢📣📣 #比特币巨鲸动向#

The price of Bitcoin is showing fluctuations under the dual influence of policy games and technical repairs. In the short term, attention should be paid to the impact of the "cryptocurrency bill voting results" on market sentiment.
Bitcoin's intraday price fluctuated between $118,000 and $119,800, failing to effectively break through the psychological barrier of $120,000. If it can stabilize above the resistance level of $119,500, the short-term target looks at $121,000, while also needing to be wary of profit-taking pressure around $125,000. The key support level has shifted down to $117,500 and $116,000 (20-day moving average). Traders are digesting weak CPI data and betting on interest rate cuts in September. As the market matures, Bitcoin's traditional four-year cycle may be breaking down. On-chain data shows that short-term holders currently have unrealized profits that are too high, pushing the indicator into the "overheated range." Overheating signals have begun to emerge, with the relative unrealized profit indicator rising to 15.5%. Historically, this level usually marks the beginning of local peak formations. However, it cannot be confirmed as a top, as such tops often develop over multiple stages. The next resistance level is expected to be around $130,000, prompting traders to turn to other coins, with strong capital inflows also seen in Ether and SOL.

📕📕Summary: Bitcoin is currently in a period of high-level consolidation after a historic breakthrough. Technical indicators show a weakening bullish momentum, while on-chain data and strong institutional inflows provide price support. However, short-term capital games are intensifying, and macroeconomic uncertainties (e.g., tariffs pushing inflation higher, cooling interest rate cut expectations) may suppress market sentiment. Pay close attention to the breakout situation in the $117,000-$120,000 range. If the price continues to stabilize above $117,000, the next target may face $125,000; if it falls below $115,000, further correction to $110,000 should be cautioned.

🔑🔑Operational Suggestions: 1. Intraday Short Position: If it falls below $117,500 and RSI shows divergence, you may try a short position, targeting $116,000, with a stop loss set around $118,500. 2. Consolidation Scenario: 1. Bullish Strategy: Gradually buy in the $116,000 - $117,000 range, with a stop loss at $114,000 and a target of $119,000. 2. Bearish Strategy: Lightly short in the $118,000 - $119,000 range, with a stop loss at $121,000 and a target of $116,000. 3. If the daily closing price stabilizes at $119,500 or the price effectively breaks through $121,000, you may lightly follow up with a long position, targeting $122,500, with a stop loss at $118,500.

Special reminder: This article is for reference only and should not be used as an investment basis!!!