Cryptocurrency Liying: 7.14 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

　　The current price of Bitcoin is 62550, which has been declining. Now this position is very awkward, just stuck in the entanglement of several moving averages. Bulls want to counterattack, but there is heavy pressure above; bears want to smash the market, but there seems to be support below. This kind of oscillating market with resistance above and support below is the most exhausting, the technical indicators show that the moving average system indicates that EMA7 has crossed below EMA30, forming a short-term death cross suppression, and the price is currently being suppressed and running below EMA7, which indicates that the short-term bearish strength is dominant. The MACD indicator's downward momentum has not yet been fully released. The price has reached the middle track of 64762 and has fallen below it, and is currently looking for support between the middle and lower tracks, with signs of contraction in the opening, indicating that a change in trend is imminent, volatility is decreasing, and the market is building momentum waiting for a direction choice.

　　Short-term trading strategy reference:

　　For buying points: 62000-61500, stop loss at 61000, target 62500 aiming for 63500.

　　For selling points: 63500-64000, stop loss at 64500, target 63000 aiming for 62500.

　　Ethereum

　　Before publishing, Ethereum was at 1775, now the K-line pattern has formed a high position oscillation pattern. Although the general direction is still upward, there is considerable short-term retracement pressure. The current horizontal trading is digesting previous profit positions, and as long as it does not break the key support, the overall trend is not bad. The moving average system shows a typical repair period after a bullish arrangement. The MACD indicator DIF and DEA are still in the negative value area, suggesting that bearish strength is temporarily dominant, and the adjustment has not yet ended. The Bollinger Bands opening is beginning to converge, the price is running below the middle track of 1798, and the lower track support is around 1768, which means volatility is decreasing, the trend-change node is approaching, and caution is needed to test the downside risk of the lower track.

　　Short-term point reference:

　　For buying point: 1760, defense at 1730, stop loss at 1700, target 1830 aiming for 1880.

　　For selling point: 1850, defense at 1880, stop loss at 1910, target 1800 aiming for 1750.

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