Li Ying in the Cryptocurrency Circle: Bitcoin Latest Market Analysis on 10.23

Article Published on 2025.10.23------00:10

The current price of Bitcoin is 108,370. Li Ying assesses that Bitcoin is currently fluctuating between the key support level of 102,000 and the resistance level of 112,753, lacking a clear trend direction in the short term. The technical analysis shows that the moving average system is entangled, momentum is weakening, and a bearish engulfing signal has appeared in the candlestick pattern, suggesting that the market may face some downward pressure. There is significant selling pressure at high levels on the daily chart, but overall it remains in a consolidation phase. After several small bearish candles on the 2-hour chart accompanied by increased volume, there is some selling pressure in the short term. The MACD shows a dominant bearish force on the 2-hour chart, and the daily trend is weak. The EMA indicates clear short-term pressure on the 2-hour chart, while the long-term trend on the daily chart is bearish. Overall, it can be seen that after a high surge, Bitcoin encountered strong resistance and was pushed down, so Li Ying primarily recommends shorting at highs and buying at lows.

Short-term Strategy Reference:

• Buy Point: 106,000, Stop Loss: 105,500, Stop Loss Distance: 500 points, Target: 110,000
• Sell Point: 110,000, Stop Loss: 110,500, Stop Loss Distance: 500 points, Target: 108,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 3,837. Li Ying observes that the current market shows a dominant bearish trend for Ethereum. Recently, the candlestick pattern has formed a bearish engulfing shape, combined with the bearish arrangement of the moving average system, further confirming the market's downward pressure. The price is approaching the key support level of 3,671; if this support is broken, it may trigger a deeper decline. The daily chart is in a downward consolidation trend, with high points gradually decreasing. The 2-hour chart shows multiple small rebounds followed by a decline, indicating overall weak adjustment. The MACD shows bearish momentum on the 2-hour chart. The EMA indicates that short-term, medium-term, and long-term moving averages all exert pressure on the price, indicating continuous pressure above. Therefore, the trend suggests looking for resistance levels above and primarily shorting, while Li Ying does not recommend holding long positions for too long in the short term, prioritizing safety.

Short-term Point Reference:

• Sell Point: 3,920, Stop Loss: 3,960, Stop Loss Distance: 50 points, Target: 3,800
• Buy Point: 3,730, Stop Loss: 3,680, Stop Loss Distance: 50 points, Target: 3,850

The above content is exclusively original by Li Ying; please indicate the source when reprinting! There may be delays in article publication review, and market conditions change rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Li Ying's insights will be helpful to you!

The content of the article is time-sensitive and for reference only; risks are borne by the reader.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。