Li Ying in the Cryptocurrency Circle: Latest Analysis of Bitcoin (BTC) Market
Article published on March 7, 2026-----00:20
Current price of Bitcoin is 68400. Li Ying assesses that there has been a large bearish candlestick in the 2-hour cycle, with a full body that closes near the daily low, yet has a certain lower shadow, indicating that there were buying attempts during the decline; however, the bears still dominate. Previously, multiple bearish candlesticks appeared consecutively, forming a clear downward trend. The daily candlestick engulfs the lowest point of the day, indicating strong bearish strength, with pessimistic market sentiment. The MACD is in a strong bearish trend on the 2-hour timeframe, and downward momentum is sufficient. The EMA on the 2-hour has fallen below all short-term, mid-term, and long-term clear downtrends, breaking key support and entering a bearish phase. Li Ying suggests entering the market opportunistically after prices drop below 68000.
Short-term reference:
Take a long position at 67500 and 67000, exit below 66500, aim for above 68500 towards 70000.
Take a short position at 69500 and 70000, exit below 70500, aim for below 68000 towards 67000.
Latest Analysis of Ethereum (ETH) Market
Before publishing, the current price of Ethereum is 1970. Li Ying sees that the bearish strength in the current 2-hour candlestick is strong, with the price breaking the recent low. The daily candlestick engulfs the previous day's closing price and creates a new recent low, confirming the downward trend. The MACD shows strong bearish momentum and acceleration on the 2-hour timeframe, and the RSI is still overall bearish on the 2-hour. The EMA on the 2-hour has fallen below all short-term, mid-term, and long-term market trends, indicating a clear bearish arrangement, with each moving average forming resistance above. The 2-hour trading volume confirms the validity of the downward trend, and the willingness of bears to sell is strong. During the daily decline, there are significant funds participating.
Thought reference:
Take a long position at 1900 and 1850, exit below 1800, aim for above 2000 towards 2150.
Take a short position at 2100 and 2150, exit below 2200, aim for below 2000 towards 1950.
The above content is exclusively original by Li Ying, please indicate the source if reprinted! Article publication review may have delays, market conditions change rapidly, the above suggestions are for reference only and risks are borne by the individuals. Hope Li Ying's appearance will be helpful to you!
The content of the article is time-sensitive, for reference only, and risks are borne by the individuals.
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