Li Ying Chat Coin: 7.22 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

The current price of Bitcoin is 66650, and from the chart, it looks like riding a steadily upward elevator. Previous pullbacks have not broken key support, but instead, each time it drops, buyers come in to scoop it up, indicating strong market confidence. Recently, it even broke through the previous high, reaching a new high point of 66924, with strong bullish momentum. The three moving averages are diverging upwards, which is a very strong upward signal. The MACD indicator has maintained for a long time, indicating that the upward momentum is healthy and persistent. The price is running closely along the upper band at 66919, with the opening expanding, which is usually a characteristic of a one-sided surge. As long as the price does not break below the middle band at 65329, the upward trend is fully established, and any pullback at present is merely a technical correction, not a reversal.

Short-term strategy reference:

Go long points 64000-63500, stop loss 63000, target 65500 aiming for 66500.

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

Ethereum

Family, before the release, Ethereum was at 1931, with both bulls and bears waiting for a major move. Previously, it had risen from 1712, and even though there were pullbacks, the overall trend remains upward. Now, at this position, it’s like standing at a crossroads; breaking upwards leads to new territory, while a downward pullback has support beneath. The EMA moving average system is in a bullish arrangement, and the MACD indicator shows that DIF crossing above DEA is enhancing bullish momentum. The price is running above the middle band at 1901, with the upper band at 1958 constituting short-term resistance, while the lower band at 1845 is strong support. Overall, bulls dominate but caution is needed regarding the pressure from the previous highs.

Short-term point reference:

Go long points 1900, defend at 1850, stop loss 1800, target 1960 aiming for 2000.

Go short points 1980, defend at 2020, stop loss 2060, target 1950 aiming for 1920.

The above content is exclusively created by Li Ying, please indicate the source when reprinting! The article publication review has delay, and the market changes rapidly; the above suggestions are for reference only, and risks are to be borne by the reader.

Friendly reminder: The above content is solely created by the author for Weibo, and advertisements at the end of the article and in the comments are not related to the author. Please discern carefully, thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。