Bitcoin and Ethereum completed a bottom rebound in the afternoon, with Ethereum showing particularly strong performance, experiencing limited declines for two consecutive days, demonstrating its resistance to falling. It is worth noting that although Bitcoin briefly broke through the 116,000-117,000 level before rebounding, the 117,000 line has turned into a key short-term resistance. If the current rebound momentum cannot effectively hold above this position, short orders can still be placed based on the pressure.

White盘策略回顾：
Ethereum short order strategy in the 3630-3650 range, as the price rises and hits the 3680 stop loss level to exit. This validates the continuity of short-term bullish momentum, but it should be noted: as long as Bitcoin does not effectively break through the strong resistance at 117,000, the upside potential for Ethereum will be limited, and the risk of pullback remains.
Evening core logic:
1. Key resistance is effective: Bitcoin 117,000 and Ether 3740 area form dual pressure from technical and psychological aspects.
2. The sustainability of the rebound is questionable: Bitcoin has not formed a strong breakout, and the upward momentum of Ether is easily suppressed.
3. High-level game value: The area below the resistance level has a favorable risk-reward ratio, aligning with the trend-following short order strategy.
Evening operation strategy:
| Bitcoin| 116,500-117,000 | First target 114,500 Extended target 113,800 ( follow up on breakout ) | Stop loss after effective breakthrough 117,800 | Relying on strong resistance, betting on a second bottom test |
| Ethereum | 3720-3740 | First target 3630 Extended target 3580 ( follow up after breaking ) | Stop loss after effective breakthrough 3770 | Follow-up momentum is limited, pay attention to signals of stagnation and decline |
Important tip:
1. Strict stop loss: A stop loss is the lifeline of risk control and must be set above the recommended position.
2. Light position probe: Currently at a critical level of contention, it is recommended to enter the market with a light position in batches and increase the stake once the trend is confirmed.
3. Dynamic Observation: Focus on Bitcoin's test strength at 117,000 and Ethereum's at 3740, as well as changes in trading volume. If a significant breakout occurs, timely adjustments in strategy are necessary.
4. Timeliness: The cryptocurrency market is highly volatile, and this strategy is based on the current market (evening of July 25). Please refer to the latest analysis for real-time changes.