Liying Chat Coin: 9.17 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

　　Family! Bitcoin is currently priced at 75750, and the market looks like a deflated soccer ball; although it has dropped considerably, no one knows where the bottom is. Many are asking whether it’s time to buy the dip or if there will be further declines. From the current K-line formation, the bearish forces have completely dominated the market, and the bulls have almost no ability to fight back. The EMA moving averages display a typical bearish arrangement, and the MACD indicators DIF and DEA double lines continue to diverge downward; their momentum has not completely exhausted. The price is closely following the lower boundary, with the opening widening downward, indicating a strong unilateral downward signal, meaning volatility is increasing and the direction is downward. As long as the price cannot effectively rise above the middle track of the Bollinger Bands, any increase should be viewed as a technical correction rather than a reversal.

　　Short-term trading ideas reference:

　　For a short position at 75900, defend at 76200, stop-loss at 400 points, target at 75200 aiming for 74600.

　　For a long position, enter if it stabilizes above 76400, stop-loss at 400 points, target at 77500 aiming for 78500.

　　Ethereum

　　Family! Ethereum is currently priced at 2390, and the market sentiment is very weak; everyone is observing, afraid to act easily. For us retail investors, now is not the time to gamble on unilateral explosive rises and falls, but rather to focus on this support level and watch. As long as it doesn’t break below the previous low, we have a chance to anticipate a rebound; once it effectively breaks below, we must quickly leave and not go against the trend. Although the MACD indicators DIF and DEA have weakened in downward momentum, they have not reversed. The price is currently closely following the lower boundary at 2351, and the Bollinger Bands are opening downward, indicating a typical bearish channel. However, touching the lower boundary usually triggers a technical correction, and the 2351-2355 range creates a very strong double support zone. As long as the price can rise above EMA7 again, the short-term will be considered stable.

　　Short-term point references:

　　For a long position at 2360, defend at 2350, stop-loss at 40 points, target at 2400 aiming for 2430.

　　For a short position at 2400, defend at 2430, stop-loss at 40 points, target at 2380 aiming for 2350.

　　The above content is exclusively original by Liying; please state the source if reprinted! There may be time delays in article publication reviews; the market changes rapidly, and the above suggestions are for reference only, with risks borne by the reader.

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