The BTC dip does not change the rebound rhythm; pay attention to the US stocks on Friday, prepare the plan for a high at 65,700 in advance.
Hello everyone, I am Old Jin.
Today is July 17, 2026, the last trading day of this week. Fridays are often the time with the most emotional fluctuations, especially after the US stock market opens in the evening, the digital currency market is easily influenced by the linkage. Therefore, today's market should pay attention to both the technical aspect and the changes in news.
Yesterday's market: rise followed by fall, the dip aligns with expectations.
Yesterday, Bitcoin reached a high near 64,800, then retraced to around 63,500.
Many friends began to worry when they saw the pullback, but this is exactly the rhythm mentioned in yesterday's morning report—normal pullback after a rise, rather than a trend reversal.
From a structural perspective:
The daily chart still maintains a rebound pattern;
The four-hour chart completed a volume increase before entering a pullback confirmation;
The pullback position just happens to fall on the upper edge of the previous consolidation range.
In other words, the previous resistance has started to gradually transform into support, and as long as it can stabilize, there is still a foundation for further upward movement.
Friends who positioned themselves with low longs yesterday also successfully gained 800 points in profit.
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Today's thought: 63,500—63,300 is still the key support.
The most important position has not changed.
63,500—63,300 remains the most critical defensive area for bulls today.
As long as the price can stay stable here, there will still be opportunities to test upwards:
First target: around 64,200
Second target: around 64,700
If it breaks the previous high, then further focus on the resistance near 65,500.
Thus, today's trading strategy is still very clear:
Buy low on support, and do not chase high.
If it breaks below 63,500 and further approaches around 63,300, it indicates that the short-term rhythm is starting to weaken. Any top-up must be based on strict risk control, not blindly holding on.
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Why is making money with low longs recently feeling less comfortable than with high shorts?
Many friends have the same feeling lately.
Longs can make money, but it's particularly exhausting.
The biggest characteristic of an uptrend is:
Uptrend—consolidation—pullback—then uptrend.
The whole process is slow, often requiring patience.
In contrast, shorting often comes quickly as soon as the price touches critical resistance.
Just like the day before yesterday, Old Jin positioned himself for high shorts four times in a row, and each position basically realized profits quickly after entering, with holding times of even less than half an hour.
So recently everyone feels:
Short positions have high efficiency in making money, while long positions have a slow earning speed.
But this does not mean the market can only be shorted.
Trading has never been based on feelings, but on following the structure.
Long on support, short on resistance; whichever position arrives, trade in that direction.
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Bitcoin trading strategy
Long position reference
Low long near 63,800—63,300
Target focus:
64,200
64,700
Strong breakout continues to look at 65,500
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Preparing for short positions
If the market continues to rise,
pay close attention to:
Start laying out high shorts near 65,700.
If it continues to push higher,
continue to short in the 66,300—66,500 area.
This area is a weekly resistance zone and is also a key position to observe today.
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Ethereum synchronized reference
ETH trend remains consistent with BTC.
Currently still paying attention to:
Low long in the 1,800—1,855 area.
If Bitcoin continues to strengthen, Ethereum still has room for further gains.
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Gold (XAU) analysis
Gold reached a low near 3,980 yesterday without hitting the planned position of 3,960, then directly started to rebound.
No need for friends who missed the opportunity to feel regret.
The four-hour chart has now begun to show signs of stabilization at the middle track, and there is still a need for a rebound in the short term.
In terms of operations, it is recommended:
Aggressive traders can participate in short longs;
Conservative traders continue to wait for the 4,052—4,065 resistance zone to arrange medium-term short positions.
The overall medium to long-term thought for gold has not changed; it still mainly involves shorting at highs.
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Tonight’s focus: pay attention to the US stock market trend
Today is Friday.
Yesterday, the Nasdaq weakened, which posed a certain drag on digital currencies.
After the US stock market opens tonight, if it continues to weaken, Bitcoin may again be affected in the short term; if the US stock market stabilizes and rebounds, it may lead BTC to continue challenging the upper resistance.
Therefore, tonight’s movements are worth paying close attention to.
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Old Jin’s summary
The current market is still a normal pullback after an upward movement; 63,500—64,000 remains the most worthy support area to focus on today.
Before breaking key support, do not easily change the overall thinking due to a single pullback; likewise, when the price reaches the resistance zone of 65,700 and 66,300—66,500, preparations for high shorts should also be made in advance.
The most important thing in trading is not prediction but planning.
However the market moves, we follow accordingly; when opportunities arise, act decisively, and in the absence of opportunities, wait patiently.
The market fluctuates every day, but those who truly achieve stable profits do so not by luck, but by discipline and execution.
I am Old Jin.
Real-time strategies will be updated in the private helper community first. If there are new changes in the market, they will also be synchronized to VIP members immediately. Public content will have some delay; everyone should arrange according to their own trading habits.
Wishing everyone a smooth trading day on Friday, and see you next time.
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