On Thursday, July 17th, the rebound has stopped, and BTC continues to decline during the day.

It is Thursday again, and the market has already passed more than half. At the beginning of the week, it faced pressure and fell back, on Tuesday it tested the bottom and rebounded. Yesterday, it once again touched the resistance level of 120100 and then pulled back. Currently, it is at the level of 118000, showing another round of high and low movements. The upward momentum has stopped, and in the short term, the Rebound continues to be short. Both the daily and 4-hour charts show a downward trend, and the intraday rebound continues to be short. On Thursday morning, it is recommended to short BTC at 118300-118500, with a target of focusing on 115500-113000. Also, on Thursday morning, it is recommended to short ETH at 3340-3360, with a target of focusing on 3250-3100.