Li Ying Chat Currency: 9.8 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Family members! The current price of Bitcoin is 79000, and it has just dropped to around the middle track of the Bollinger Bands, hovering around 79700. The technical indicators currently show a bearish trend, but there is a demand for a rebound due to overselling. The EMA moving average system indicates that the short-term EMA7 has crossed below EMA30, forming a dead cross, and the price is not far above EMA120, indicating a weakening short-term trend, but the long-term trend line is still providing support. The MACD indicator is operating below the zero axis, with both DIF and DEA being negative, indicating that bearish power dominates the market. However, the Bollinger Bands' opening is beginning to contract, and the price has rebounded slightly after touching the lower track at 79103, suggesting that the downward momentum is starting to decline. In terms of trading volume, there has been no panic selling during the decline, leaving room for a potential stabilization.

Short-term trading reference:

Go Long at 78700-78800, stop loss 500 points, target 79500 aiming for 79800

Go Short at 79800-80000, stop loss 500 points, target 79200 aiming for 79000

Ethereum

Family members, the current price of Ethereum is 2484, and it has just experienced a rise to 2547 followed by a pullback, now stuck fluctuating among several moving averages. This indecisive oscillation market tests patience the most, but it often foreshadows a market change. The technical indicators currently show the EMA moving average system in a tangled state, with EMA7 forming short-term resistance near 2490, while EMA30 and EMA120 provide support at 2486 and 2452 respectively, indicating that the medium-term trend remains bullish, but short-term is hindered. The MACD indicator with DIF and DEA has not yet completed its downward adjustment after crossing downwards. The Bollinger Bands are clearly closing, with the middle track at 2496 forming pressure, and the lower track at 2476 is the key defensive position, with the price oscillating between the middle and lower tracks, and volatility is compressing, indicating that a direction will be chosen soon.

Short-term trading point reference:

Go Long at 2470, defense at 2460, stop loss 30 points, target 2510 aiming for 2520

Go Short at 2490, defense at 2500, stop loss 30 points, target 2470 aiming for 2460

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