Li Ying Chat Currency: 8.18 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis and Operation Suggestions
Bitcoin is currently priced at 63950, which is a typical churning action; the leading force first shakes out the weak hands and then slowly raises the price. Now that the price is above the short-term moving averages, it indicates the bulls have started to gain strength. The technical indicator EMA7 has crossed above EMA30, forming a golden cross, with short-term bullish strength prevailing. The MACD indicator’s DIF has crossed above the DEA, confirming a shift in momentum to the bullish side. The price has broken through the middle track at 63240 and is testing the upper track at 63794. If it can hold above the upper track effectively, it will open up new upward space. Although the trading volume has not significantly increased, the price is steadily pushing up, indicating strong buying support. Overall, the technical outlook supports a short-term bullish approach, but caution is needed for the pullback risk at the upper track resistance level.
Today’s Li Ying Price Prediction
Open a short position at 64800-65200, stop loss at 500 points, target at 64200 aiming for 63800.
Open a long position at 63400-63800, stop loss at 500 points, target at 64500 aiming for 65000.
Ethereum Analysis
Ethereum is currently priced at 1884; this position is very delicate. A breakout upward indicates a new round of increases, while a breakdown downward may continue to explore the bottom. The technical moving average system is sending positive signals. EMA7 has crossed above EMA30, forming a golden cross, with short-term bullish strength prevailing. The MACD indicator completed a golden cross below the zero axis and is showing an increase in momentum. The price has broken through the middle track at 1888 and touched the upper track at 1908. The channel is beginning to open upwards, which is a typical trend initiation signal. However, it should be noted that the current price is closely tied to the upper Bollinger track, and there may be a need for a short-term pullback to confirm the middle track as support, but the overall structure remains healthy.
Latest Price Reference
Long entry point at 1875-1860, stop loss at 30 points, target at 1900 aiming for 1920.
Short entry point at 1925-1945, stop loss at 30 points, target at 1890 aiming for 1870.
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