Li Ying Chat Coin: 8.16 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis and Operational Advice
Current Bitcoin price is 63000, which really makes people sweat a little and feel a bit hopeful. It seems like it can't fall anymore, but it also lacks the strength to rise. It's too early to say it's a solid bottom, but there are indeed signs of stabilization in the short term. The technical indicators EMA moving average system is in a bearish arrangement, with the price suppressed below the short-term moving average, indicating that there is still heavy selling pressure above. The MACD indicators DIF and DEA are both operating below the zero axis indicating that bearish momentum is weakening, with the price running close to the lower bound of 62660. The middle bound at 63047 constitutes the first resistance, while the upper bound at 63434 is a strong pressure zone.
Today's Li Ying Point Forecast
64000-64400 short position, stop loss 500 points, target 63500 aiming for 63000
62500-63000 long position, stop loss 500 points, target 63500 aiming for 64000
Ethereum Analysis
Current Ethereum price is 1884, unable to rise or fall, just like an electrocardiogram is about to straighten out. This kind of market tests the mentality the most. The main force is obviously washing the positions, washing out the unstable chips. The technical indicators EMA7 and EMA30 are tangled together, and the medium to long-term trend is still weak, with heavy resistance to rebound. The MACD indicators DIF and DEA have not formed a strong golden cross, meaning that the upward movement lacks momentum. The Bollinger Bands are clearly narrowing, with the upper and lower bands converging towards the middle band at 1879, which usually indicates a potential change in market. Currently, the price is running just above the middle band, belonging to a weak balance state. If it breaks below the middle band, it may accelerate the bottom testing.
Latest Point Reference
Long entry point 1875-1860, stop loss 1840, target 1900 aiming for 1920
Short entry point 1910-1915, stop loss 1930, target 1890 aiming for 1870
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