Li Ying Chat Currency: 7.20 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

The current price of Bitcoin is 64000. The current trend seems to be gathering strength; as long as it does not break key support, the overall direction remains bullish. The current market is a typical strong consolidation, with the main force washing the plates. We should follow the trend and maintain our mindset to win. The technical indicators show that the moving averages are closely aligned, and the price is above the EMA120, indicating that the mid-term and short-term trends are still upward, with strong support. The MACD indicators DIF and DEA have not formed a dead cross and are diverging downward, which is a strong consolidation pattern. The Bollinger Bands are slightly narrowing, indicating that a change in trend is imminent.

Short-term trading ideas reference:

For a long position between 64000-63500, set a stop loss at 63000, targeting 65500 aiming for 66500.

For a short position between 66000-66500, set a stop loss at 67000, targeting 65500 aiming for 64500.

Ethereum

Dear ones, before the article was published, Ethereum was at 1868. Such consolidation after a significant rise is often a sign of the main force washing the plates. As long as the overall trend is not damaged and the moving averages continue to diverge upward, this is not the end, but an opportunity for those who missed the boat to get on. The current position is a typical bullish correction pattern. The moving average system remains in a bullish arrangement, and the price is just resting near the EMA7 for support, indicating that short-term buying pressure still exists. The MACD shows normal upward momentum exhaustion recovery without breaking the zero-axis, and the trend has not reversed. The price operates above the middle track at 1857, which is slowly rising, forming very strong dynamic support. As long as it does not effectively break below the 1850 line, the overall structure remains healthy.

Short-term point reference:

For a long position at 1830, defend at 1800, set a stop loss at 1770, targeting 1900 aiming for 1950.

For a short position at 1950, defend at 2000, set a stop loss at 2050, targeting 1900 aiming for 1850.

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