Li Ying's Chat on Coins: 7.21 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

The current price of Bitcoin is 65450, and the bulls seem to have regained their momentum, creating a relatively nice upward volatility channel. Although there were some minor setbacks, the overall focus is on continually moving up. The current price is just stuck near the previous high resistance level, whether it can break through and stabilize above 66000 is key. The short-term and medium-term moving averages lean towards bullish. The MACD indicator shows no signs of a dead cross, indicating a strong consolidation. The price is currently operating between the middle track 64616 and the upper track 65340, and has even tentatively broken through the upper track, with an opening trend expanding, which usually means increased volatility, indicating that a trend change is imminent. As long as it does not drop below the middle track, the upward channel remains intact.

Short-term trading ideas reference:

Buy range 64000-63500, stop loss 63000, target 65500 aiming for 66500.

Sell range 66000-66500, stop loss 67000, target 65500 aiming for 64500.

Ethereum

Friends, just before publishing, Ethereum is at 1900, looking like it is gathering strength, having neither broken the crucial support nor rushed to break the previous high. Simply put, it’s a tug-of-war between bulls and bears, with neither side gaining a definitive advantage. The technical indicator EMA shows a bullish arrangement, with short-term moving averages above long-term moving averages, indicating that the medium-term trend still leans bullish. The MACD indicator’s DIF and DEA are both above the zero axis, indicating a bullish zone. The price is currently operating between the middle track 1871 and the upper track 1895, with the upper track forming short-term resistance, and the lower track 1846 acting as strong support. Overall, the bullish trend on the technical front has not been broken, but there is a short-term need for adjustment, and the key is whether 1900 can hold effectively.

Short-term point reference:

Buy range 1830, defend 1800, stop loss 1770, target 1900 aiming for 1950.

Sell range 1950, defend 2000, stop loss 2050, target 1900 aiming for 1850.

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