Coin Circle Li Ying: 7.17 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

　　Bitcoin is currently priced at 64540. It is stuck at this position without movement. What does this indicate? It indicates that there are sellers above and buyers below, and both sides are in a tug of war. The current market is a typical oscillating market with pressure above and support below. The moving average system shows that EMA7 has started to curve downwards and has crossed below EMA30, indicating that short-term bearish strength is dominant and there is significant resistance to rebounds. The MACD indicator has formed a death cross and continues to diverge downward; although the red momentum bars have not significantly increased in volume, it means the adjustment has not yet ended. The mid-band of the Bollinger Bands is currently around 64694, and the price is just being suppressed by the mid-band. If it cannot close above the mid-band today, it is likely to test the support of the lower band at 64071. Overall, the indicators are leaning bearish, and caution is warranted regarding the risk of a downward trend.

　　Short-term trading ideas reference:

　　Go long at 64000-63500, stop loss at 63000, target at 65500 aiming for 66000

　　Go short at 66000-66500, stop loss at 67000, target at 65500 aiming for 64500

　　Ethereum

　　Family, Ethereum was at 1878 before the article was published, having risen from over 1700 all the way up to a high of 1946, before starting to correct. The current status feels like taking a breath after a rise; it just perfectly retested the 30-day moving average. Currently, the EMA moving average system shows a correction after a bullish arrangement, and the MACD indicator formed a death cross above the zero line, indicating this is a healthy adjustment rather than a trend reversal. In terms of the Bollinger Bands, the price has receded below the mid-band of 1900, testing the support area of the lower band, and the Bollinger Bands remain opened upwards, indicating that the medium to long-term upward channel has not been broken. Overall, it is currently in a technical pullback during an upward trend. As long as it holds above the 1870 line, there is still a high probability of stabilizing and rising in the future.

　　Short-term point references:

　　Go long at 1880, keep defense at 1840, stop loss at 1800, target at 1950 aiming for 1990

　　Go short at 1980, keep defense at 2020, stop loss at 2050, target at 1950 aiming for 1900

　　The above content is exclusively original by Li Ying; please indicate the source when reprinting! Article publication review may be delayed, and market conditions change rapidly; the above suggestions are for reference only, and the risk is borne by yourself.

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