As of July 16, 2025, the trends of Bitcoin (BTC) and Ethereum (ETH) are showing divergence, with Bitcoin experiencing a pullback while Ethereum is performing relatively strongly. Here is a comprehensive analysis and trading suggestions:

### **Bitcoin (BTC) today's trend**
1. **Price Dynamics**
- The price of Bitcoin fell from its historical high of $123,100 to $116,300, with a single-day decline of over 5%, and then partially rebounded to around $118,000.
- The current price is fluctuating in the range of 117,000 to 118,000 USD, with short-term support at 115,400 USD. If it breaks below, it may further test 112,400 USD.
- Technical indicators show a short-term bearish bias: the 4-hour MACD shows a bearish crossover, and the RSI (48.5) is in the neutral to weak range.

2. **Market Sentiment**
- Institutional capital inflows have slowed, resulting in a net outflow in the spot market (a net outflow of 477.9 million USD on July 15), indicating that some large holders are taking profits.
- High leverage contracts have intensified volatility, with over 130,000 liquidations in the past 24 hours, and long position losses accounting for 80%.

**BTC Trading Suggestions**:
- **Short Selling**: If the price cannot stabilize at $118,000, a light short position can be attempted in the range of $119,000 to $120,000, with a stop loss at $122,000 and a target of $115,000 to $116,000.
- **Buy the dip**: If there is a pullback to the support zone of $115,000 - $116,000 and it stabilizes, you can buy in parts, with a stop loss at $114,000 and a target of $119,000 - $120,000.

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### **Ethereum (ETH) today's trend**
1. **Price Dynamics**
- Ethereum performed strongly today, breaking through 3100 USD and reaching a high of 3155 USD, currently trading around 3130 USD.
- The short-term support level is between 3075-3100 USD, and if it breaks below, it may test 2940 USD; the resistance level is between 3150-3200 USD.
- The technical indicators show a bullish advantage: the daily MACD is expanding, the 4-hour Bollinger Bands are widening, but the short-term RSI is nearing overbought.

2. **Market Sentiment**
- Institutional holdings have increased significantly, with Bit Digital increasing its holdings of 67.3 million USD in Ether, boosting market confidence.
- The derivatives market is dominated by bulls, with Binance's ETH/USDT long-to-short ratio reaching 2.4, but caution is needed regarding the risk of high leverage pullbacks.

**Ethereum Trading Suggestions**：
- **Short-term Long**: If the price pulls back to the support zone of 3075-3100 USD and stabilizes, you can buy in batches, set a stop loss at 3000 USD, and aim for 3150-3200 USD.
- **Cautious Shorting**: If the price encounters resistance between 3150-3200 USD and the RSI is overbought ( >70), a small short position can be attempted, with a stop loss at 3220 USD and a target of 3000-3050 USD.

### **Summary**
- **Bitcoin** has a short-term tendency to oscillate downwards, focusing on the breakout direction in the range of 115,000-118,000 USD, and you can short on rallies or buy lows.
- **Ethereum** remains strong in the short term, but be cautious of a pullback at high levels. It is recommended to mainly go long on support levels and be careful when chasing highs.
- **Macroeconomic Risk**: The U.S. CPI data slightly exceeded expectations. If the Federal Reserve delays interest rate cuts, it may exacerbate market volatility.

It is recommended to strictly set stop-loss orders during trading and pay attention to the breakout of key support/resistance levels.