Liying Chat Coin: 7.18 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

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1 hour ago

Liying Chat Currency: 7.18 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

  

   The current price of Bitcoin is 63400, which is exactly testing the support level near this cluster of moving averages. This type of trend is actually a typical continuation of an upward movement or a high-level consolidation wash. As long as the big trend is not broken, the drop in price provides an opportunity to enter; but if it breaks key levels, one must admit defeat to protect capital. The technical indicator EMA indicates that short-term bearish strength prevails, with 63540 being the last defense line for bulls. The MACD indicator's adjustment has not yet finished. The Bollinger Bands are converging and flattening, with prices currently running below the middle band (63804), and the lower band support at 62574. This suggests that short-term volatility is decreasing and the market is choosing a direction, likely to test the lower band support first.

  

Short-term Strategy Reference:

  

  Buy at points 63000-63500, stop loss 62500, target 64000 aiming for 65000

  

  Sell at points 66000-66500, stop loss 67000, target 65500 aiming for 64500

  

  Ethereum

  

  Family, before this article was published, Ethereum was at 1835. Is it time to buy the dip or to run away? In fact, to put it simply, Liying says this is a normal pause after a rally. The big trend is not broken yet, but it does feel a bit weak in the short term. Don’t rush to chase highs and don’t panic to cut losses; it’s wiser to wait for a clear signal before taking action. From a technical perspective, the current price is below EMA7 at 1835 and EMA30 at 1857, with short-term moving averages forming pressure, indicating bearish dominance. The MACD indicators DIF and DEA are both below the zero axis and the dead cross moving downwards, with green bars continuing to enlarge, indicating bearish momentum. However, the middle Bollinger Band is at 1863, with the lower band support at 1802, and the current price is close to the lower band, suggesting a potential for a rebound from oversold conditions. Overall, the short-term is still in an adjustment channel, but if it can stabilize above 1800, the mid-term bullish structure remains intact.

  

  

Short-term Point Reference:

  

  Buy at points 1830, protect at 1800, stop loss 1770, target 1900 aiming for 1950

  

  Sell at points 1950, protect at 2000, stop loss 2050, target 1900 aiming for 1850

  

  The above content is exclusively original by Liying, please indicate the source when reposting! The article release review has a time delay, and the market changes rapidly; the above suggestions are for reference only, risk is borne by the reader.


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