Li Ying Chat Currency: 9.1 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Family! The current price of Bitcoin is 78600, it seems a bit annoying, but this is actually a precursor to a change in the market. After that wave of rise to 81500, the market entered a period of sideways fluctuation, similar to a replenishment station during a marathon, digesting the previous profits. The current trend is very critical, the EMA moving average system shows a typical convergence pattern after a bullish arrangement. This indicates that the long-term trend is still positive, but there is a lack of momentum in the short term. The MACD indicator DIF and DEA values are close, indicating that the market is gaining momentum. The upper and lower bands of the Bollinger Bands are sharply converging, with the upper band at 79045 and the lower band at 77429, the bandwidth has been compressed to the extreme. According to the principle of the Bollinger Bands, the tighter the convergence, the stronger the subsequent explosive power. Currently, the price is near the middle band, and the choice of direction is about to be made.

Short-term trading ideas reference:

Go long at 78500-78000, stop loss at 500 points, target 80000 aiming for 81000

Go short at 80500-81000, stop loss at 500 points, target 79500 aiming for 78500

Ethereum

Family, the current price of Ethereum is 2475, it has been fluctuating for several days, this sideways movement is just waiting for direction. We need to see clearly before taking action; otherwise, it’s easy to get caught in a back-and-forth situation. At this point, neither up nor down, it’s a good time to observe. Maintaining a stable mindset will help earn steady profits. The technical indicators EMA moving average system shows that the short-term EMA7 is at 2449, the mid-term EMA30 is at 2453, and the long-term EMA120 is at 2403, with prices standing above all the moving averages, indicating that the bullish trend has not broken. The MACD indicator shows that both DIF and DEA are below the zero line but close to merging, indicating that the bearish strength is weakening. The middle band of the Bollinger Bands is at 2454, the upper band at 2504, the lower band at 2405, with the price running above the middle band, and the narrowing channel suggests a change in the market is coming. Overall, there is short-term rebound momentum, but a breakout above 2500 is needed to confirm the continuation of the trend.

Short-term price reference

Go long at 2460, defensive at 2420, stop loss at 40 points, target 2520 aiming for 2570

Go short at 2500, defensive at 2530, stop loss at 40 points, target 2470 aiming for 2430

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