Crypto Circle Liying: 7.13 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Bitcoin is currently priced at 64100, and the current trend seems to be gaining strength, either breaking upwards or needing to pull back for support. The moving averages EMA7 and EMA30 are almost fused together, and the price is steadily above EMA120, indicating a continued positive medium to long-term trend, but a directional choice in the short term. The MACD indicator's DIF and DEA lines are diverging downwards, showing that upward momentum is weakening and there is a need for a pullback. The price is running around the middle track near 64102, with the upper track pressure at 64381 and the lower track support at 63822. The opening is starting to narrow, which means a change in trend is imminent, and volatility is decreasing. A significant market movement often breeds after such narrow fluctuations.

Short-term trading strategy reference:

Long position at 63500-63000, stop loss at 62500, target 64500 aiming for 65000.

Short position at 65000-65500, stop loss at 66000, target 64000 aiming for 63500.

Ethereum

Family, Ethereum was at 1820 before the article was published, up from a low of 1510, which serves as a stabilizing point in this market round. Since then, it has been steadily climbing. Although it seems a bit hesitant, the overall direction is not bad. While there may be some speed bumps and even a slight slip, as long as it doesn’t stall, it continues toward the peak. The moving average system shows a perfect divergence upward pattern with EMA7, EMA30, and EMA120, indicating a continued positive medium to long-term trend. The MACD indicator represents benign pullbacks during an upward trend, rather than a trend reversal. Currently, the price is trading above the middle track at 1806, with the upper track creating short-term pressure around 1828. As long as the price can firmly hold the Bollinger middle track without breaking, it means that the bulls are still in control, and the current consolidation is just waiting for the Bollinger band to narrow before choosing a new direction.

Short-term points of reference:

Long position at 1790, stop at 1750, stop loss at 1700, target 1830 aiming for 1880.

Short position at 1850, stop at 1880, stop loss at 1910, target 1800 aiming for 1750.

The above content is exclusively created by Liying, please indicate the source if reprinted! Article posting review has a time delay, market conditions change rapidly, and the above suggestions are for reference only, with risks borne by the reader.

Warm reminder: The above content is solely created by the author on Weibo, and the advertisements at the end of the article and in the comments are unrelated to the author. Please distinguish carefully, thank you for reading.

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。