Coin Circle Li Ying: 7.12 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

The current price of Bitcoin is 64100. Although it has experienced some sideways fluctuations in the past two days, it seems to be gathering strength; overall, the trend is not bad. The current market is like climbing stairs, taking a break at each level. Don't let the short-term ups and downs scare you away; as long as it doesn't break the key support level, the overall direction remains bullish. The moving average system shows a typical bullish arrangement, and buying pressure is strong in the short term. The MACD indicator's DIF and DEA are operating above the zero axis, indicating that the upward momentum has weakened but has not turned bearish, representing a healthy correction. The Bollinger Bands are opening upwards, with the price running around the middle track of 64082, which has become an important dynamic support line. As long as the price can hold above the Bollinger middle track and EMA30, the upward channel remains intact; the current fluctuations are more of a technical correction to wash out floating positions.

Short-term strategies reference:

For long positions at 63500-63000, stop loss at 62500, target 64500 aiming for 65000.

For short positions at 65000-65500, stop loss at 66000, target 64000 aiming for 63500.

Ethereum

Everyone, Ethereum was at 1810 before publication, and this trend really makes one feel secure! It is just a step away from the previous high of 1833. The most comfortable part of this trend is that it does not have the thrilling ups and downs but steadily climbs based on moving averages. As long as the colored moving averages below continue to diverge upwards like a fan, we still have confidence in the bulls. The current trend is a typical advance of two steps forward and one step back; as long as it does not break the key support level, this is a good opportunity for us to enter, with the EMA moving average system showing a standard bullish arrangement. The MACD indicator is in a healthy state of gentle rise. The middle track is currently around 1791, with the price consistently moving between the middle track and the upper track of 1813. The channel is slightly opening upwards, forming a typical ascending channel; as long as the price does not break the middle track, the bullish trend remains unchanged.

Short-term price reference:

For long positions at 1790, stop loss at 1750, target 1830 aiming for 1880.

For short positions at 1850, stop loss at 1880, target 1800 aiming for 1750.

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