Li Ying Chat Currency: 8.11 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

　　The current price of Bitcoin is 64300, currently moving around like a headless fly. Many friends are asking me if they can buy at the bottom, or if a major drop is coming. There is a lot of trapped capital above in the 65000-66000 range, and the main force does not want to easily release them; on the downside, there is strong buying support around 63000. Technical indicators show that the short-term moving average momentum has exhausted, and the MACD indicators DIF and DEA indicate that the market is in a weak consolidation phase. The price is currently running just below the middle track of 64948, and the Bollinger band opening is beginning to narrow, which means that volatility is decreasing, and a change in trend is approaching. If the price cannot quickly regain the upper middle track, it is likely to test the lower track at 64463 or even lower support levels.

　　Short-term trading ideas reference:

　　Buy at points 64500-64000, stop loss at 63500, target at 65500 aiming for 66500.

　　Sell at points 66000-66500, stop loss at 67000, target at 65000 aiming for 64500.

　　Ethereum

　　Currently, the price of Ethereum is 1880, and the short-term moving averages have all turned downward, indicating that there are fewer buyers and more sellers recently, with the price swaying below the moving averages, as if being pressed down. The technical indicators MACD DIF and DEA are below the zero axis, showing a typical signal of a strong bearish dominance, indicating that the downward momentum has not yet been fully released. The price has already broken below the middle track of 1915 and is approaching the lower track of 1893. The middle track has turned from support to resistance, and if the lower track cannot hold, it may accelerate the decline. The EMAs of 7 and 30 are capping above the price, and only the EMA of 120 is slightly higher but also weakening, with short-term moving averages crossing below long-term moving averages, indicating a bearish trend.

　　Short-term point reference:

　　Buy at point 1850, protect at 1830, stop loss at 1800, target at 1960 aiming for 2000.

　　Sell at point 1980, protect at 2010, stop loss at 2040, target at 1920 aiming for 1890.

　　The above content is exclusively created by Li Ying, please indicate the source for reprint! The publication review of the article has delays, and the market changes rapidly, the above suggestions are for reference only, with risks taken at your own expense.

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