Liying Chat Currency: 9.5 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

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1 hour ago

Li Ying's Cryptocurrency Chat: Latest Market Analysis for 9.3 Bitcoin (BTC) and Ethereum (ETH)

Family! The current price of Bitcoin is 79,400, which has retraced from the high of 82,282 to 79,369. Since the non-farm data announcement, it has dropped nearly 3,000 points. Such a rapid drop is often a method for the main forces to shake out positions, and it is crucial to see if the support can be maintained. The current price is near the middle line of the Bollinger Bands, with both bulls and bears engaged in intense competition. In the technical indicators, the EMA moving average system shows that EMA7 has crossed below EMA30, forming a short-term death cross, while the mid-term upward trend remains intact. The MACD indicator shows that DIF and DEA have crossed below the zero line, confirming an increase in the retracement momentum. In terms of the Bollinger Bands, the price has dropped below the middle line of 79,787, with support at the lower line of 76,634. If it cannot quickly reclaim the middle line, it may further test the lower line. Overall, it is currently in a retracement within a trend, and we need to wait for a stabilization signal.

Short-term trading idea reference:

Buy on dip 79,200-78,800, stop loss 500 points, target 81,500 aiming for 83,000

Sell on rally 82,200-82,600, stop loss 500 points, target 81,600 aiming for 81,100

Ethereum

Family! The current price of Ethereum is 2,455, which has just experienced a strong rebound from around 2,355 and has met resistance above 2,500 and retraced. The current state feels like a sudden brake; it had risen too rapidly before and now needs to catch its breath. The technical indicators show that the short-term bearish forces are dominant, and the price is running below the short-term moving averages. However, it is worth noting that EMA120, as a long-term lifeline, is still diverging upwards. The MACD indicator currently shows strong retracement momentum, indicating that the adjustment is not yet over. The price has dropped below the middle line of 2,466 and is testing the lower line, with signs of a narrowing opening, suggesting that volatility is about to decrease, and the market will enter a narrow consolidation phase.

Short-term trading point reference:

Buy on dip 2,440, defend at 2,410, stop loss 40 points, target 2,550 aiming for 2,600

Sell on rally 2,620, defend at 2,660, stop loss 40 points, target 2,570 aiming for 2,520

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