Li Ying Chat Currency: 10.13 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

 Dear friends! The current price of Bitcoin is 82600, and it is obviously having a hard time rising further. Look at those candlesticks; the upper shadows are not short, indicating that there is heavy selling pressure above. It’s not so easy to directly break through the previous high. The current market seems to be building momentum; it could either be gathering strength for a breakout or it might drop again after inducing buyers. The shadow of the bearish arrangement of moving averages has not completely dissipated. The MACD indicator shows insufficient upward momentum and there is a risk of forming a top divergence. Overall, the indicators show that there is enormous pressure in the range of 83300-83600 above, and it is highly likely that there will be oscillation or a retest of the lower support in the short term.

 Practical Strategy: Focus on High Short Positions, Support with Low Long Positions

 The current market is oscillating weakly, and it is recommended to adopt a range trading strategy.

 Main Strategy for Shorting: Pay attention to the rebound to the pressure zone of 83300-83500. Stop loss at 83850, target 82550-82600.

 Supporting Strategy for Longing: If it drops to the support zone of 82000-82100, stop loss at 81600, target 82800-83000.

 Note: The convergence of moving averages is facing a potential trend change; be sure to implement strict stop losses and absolutely do not hold positions.

 Ethereum

 Dear friends! The current price of Ethereum is 2525. The previous sharp drop wiped out the market sentiment. It took so long for the market to recover slightly these past few days, but the pressure above is quite visible. The current market is like a patient just recovering from a serious illness; while it can walk again, expecting it to run a marathon immediately is unrealistic. What we need the most now is patience. Don’t get too eager to chase highs just because it has risen a bit, and don’t panic and cut losses just because it has dropped a little. The current price level is quite awkward, trapped in a range with both resistance and support. Making moves carelessly at this time can lead to losses from both sides. Stay calm, see the direction clearly, and then act; that is the key. Overall, the indicators resonate showing that the market is in a period of oscillation and bottom building, with the forces of buyers and sellers temporarily balanced, waiting for a trend change.

 Practical Strategy: Weak Oscillation, High Selling and Low Buying

 Main Strategy for High Shorting:

 Try shorting lightly if it rebounds to 2540-2550 where there is resistance.

 Stop loss: above 2565, target: 2490-2500.

 Supporting Strategy for Low Longing:

 If it retraces to 2485 and does not break, one can make a short long bet for a rebound.

 Stop loss: below 2470, target: 2520-2530.

 Risk Control: The trend has not reversed; be sure to carry a stop loss, and absolutely do not hold positions!

 The above content is exclusively original by Li Ying; please indicate the source if reprinted! Article release review may have delays, the market changes rapidly, and the above suggestions are for reference only; the risk is borne by yourself.

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