Cryptocurrency Circle Liying: The downtrend of the short position arrangement on October 30 is a certainty! Latest market analysis and reference suggestions for Bitcoin and Ethereum.

CN
1 day ago

Li Ying in the Crypto Circle: Bitcoin Latest Market Analysis on 10.30

Article Published on 2025.10.30------03:55

The current price of Bitcoin is 110,700. Li Ying predicts a downward trend for Bitcoin, with technical signals indicating that bearish forces are dominant. The moving average system has formed a death cross, and the candlestick engulfing pattern confirms a bearish reversal. The current price is approaching the strong support level of 110,000. If this area is broken, it may further test 108,350. The daily line has continuously declined, forming a long bearish candlestick, with yesterday's closing price of 110,515 being lower than the previous day's 112,898, indicating a weak pullback. The 2-hour candlestick is overall bearish, with short-term support around 109,200. The MACD on the 2-hour chart is in a bearish trend. The EMA on the 2-hour chart confirms a short-term bearish trend; 112,188 has also been broken, invalidating long-term support. Li Ying judges that the trend has shifted from bullish to bearish, focusing on short positions for now, prioritizing safety.

Short-term Strategy Reference:

  • Long position at 118,500, stop loss at 118,000, stop loss of 500 points, target 110,000.
  • Short position at 111,500, stop loss at 112,000, stop loss of 500 points, target 110,000.

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 3,910. Li Ying observes a clear downward trend in the Ethereum market, with technical signals showing increased momentum and a divergence between volume and price, indicating that the market's weak pattern may continue. The moving average system has formed a bearish arrangement and a death cross, combined with the appearance of a bearish engulfing pattern, reinforcing the possibility of price decline in the short term. Meanwhile, the key support level of 3,886 is facing significant downward pressure. If this area is lost, the price may further test lower support levels. The daily line continues to decline, and the 2-hour chart remains in a slightly bearish oscillation state. The MACD on the 2-hour chart shows a short-term bearish trend, with the daily bearish trend prevailing. The EMA for short, medium, and long-term moving averages shows a bearish arrangement, further confirming the downward trend. Li Ying believes the trend is very clear, and it is advisable to continue holding short positions without rushing to exit, as it is likely to challenge previous lows.

Short-term Point Reference:

  • Short position at 4,000, stop loss at 4,050, stop loss of 50 points, target 3,850.
  • Long position at 3,850, stop loss at 3,800, stop loss of 50 points, target 4,000.

The above content is exclusively original by Li Ying. Please indicate the source when reprinting! The article's publication review has a delay, and the market changes 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。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink