Liying Chat Currency: Latest Market Analysis of 9.7 Bitcoin (BTC) and Ethereum (ETH)

Family! The current price of Bitcoin is 79600, which has just experienced a wave of retreat from the high of 82282 a couple of days ago, and now the price is consolidating in the range of 79500-80000, seeming to gather strength. This kind of sideways consolidation is common in an upward trend, where the main force is washing out the weak hands. As long as it does not break the key support, the overall direction is still upward. The technical indicators EMA7 and EMA30 are converging around 79700, indicating a balance of short-term bullish and bearish forces, while EMA120 is steadily rising below 78500, forming solid long-term support. The MACD indicators DIF and DEA lines show signs of flattening, which usually signal a decline in downward momentum and an impending shift in trend. The price is running close to the middle track at 79748, and the upper and lower tracks are beginning to converge, indicating that volatility is decreasing and a directional choice is about to be faced. Overall, the indicators show that the market is in a waiting period, the bearish force is weakening, but the bulls have not yet made their move.

Short-term strategy reference:

Trade at 79600-79200, stop loss 500 points, target 81500 aiming for 83000

Trade at 81200-81800, stop loss 500 points, target 80800 aiming for 80000

Ethereum

Family, the current price of Ethereum is 2478, now stuck near the middle track of the Bollinger Bands. Simply put, it's not rising much nor falling deeply, and both bulls and bears are in a tug-of-war. At this time, don't rush to chase highs or lows; wait for the direction to become clear. Many people panic when they see a red candle; in fact, this kind of oscillating market tests patience, and maintaining a steady mindset is essential to seize bigger opportunities later. The technical indicators of the EMA moving average system show that the short-term EMA7 has crossed below EMA30, forming a death cross suppression, but EMA120 still provides medium-term support upward. The MACD indicators DIF and DEA are converging above the zero axis, indicating a weakening of bearish momentum but not a reversal. The Bollinger Bands are narrowing to the range of 2434-2520, with the price close to the middle track of 2477, indicating a potential change in trend. The shrinking trading volume combined with price consolidation is a typical accumulation pattern, and a breakout confirmation in direction is needed.

Short-term point reference:

Trade at 2550, defend 2525, stop loss 2500, target 2600 aiming for 2630

Trade at 2450, defend 2480, stop loss 2510, target 2400 aiming for 2350

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