Crypto Circle Li Ying: 7.3 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

　　Bitcoin's current price is 61900, and many friends are asking me: Is now a good time to buy the dip, or is it a downward continuation? To be honest, the current market feels like walking on a tightrope, the direction is not completely clear yet, but the turning point is right in front of us. We won't guess the bottom or touch the top, just follow the signals. After reaching a low of 57758, BTC has formed a potential double bottom or right shoulder structure of a head and shoulders pattern, and is currently attempting to break through the neck line resistance level. The moving averages are forming a short-term golden cross indicating a strong bullish return. The MACD indicator's rebound strength is decent. The Bollinger Bands are starting to contract and flatten; once it effectively stabilizes on the middle band and breaks above the upper band at 62486, it will open up new upward space; conversely, if it breaks below the middle band, it may retest the bottom.

　　Short-term Strategy Reference:

　　Buy point 61500-61800, stop loss 61000, target 62500 aiming for 63500

　　Sell point 62500-63000, stop loss 63500, target 62000 aiming for 61500

　　Ethereum

　　At the time of writing, Ethereum's current price is 1731, just stuck near a small resistance level from the previous decline. Simply put, the bearish power has weakened, and the bulls are trying to counterattack, but haven't fully established themselves yet. At this time, we cannot blindly chase highs, the moving average system is undergoing subtle changes. EMA7 has crossed above EMA30, forming a short-term golden cross, and the price is firmly above EMA120, indicating that the short-term trend has turned bullish. Although the red bars of the MACD indicator have shortened, they still maintain positive values, with the DIF and DEA opening upwards, showing that momentum remains. Regarding the Bollinger Bands, the price is currently between the middle band at 1689 and the upper band at 1770, with a slight upward opening, forming a typical upward channel pattern. As long as it does not break below the middle band, the overall structure remains healthy, and the upward space is expected to challenge the previous high.

　　Short-term Point Reference:

　　Buy point 1710, defense 1680, stop loss 1650, target 1750 aiming for 1800

　　Sell point 1780, defense 1810, stop loss 1850, target 1730 aiming for 1690

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