Liying Chat Coin: 10.14 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

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2 hours ago

  Liying Chat Currency: 10.14 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

  

  Dear friends! The current price of Bitcoin is 83350, and after hitting the bottom, it did not continue to crash but rather strongly recovered, now stabilizing at the position of 83362. This is like a person who stumbles, it hurts, but quickly gets up, dusts off, and continues walking. The current K-line shape is trying to repair the previous downward trend, and the price has once again stood above the short-term moving average, indicating that the bulls have not given up resistance. The current fluctuation is actually digesting the previous panic selling; as long as it does not break through the support level below, the overall upward momentum still holds great promise. Everyone, hold onto your positions and don't be easily shaken off.

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  Practical Strategy: Buy the Dips in the Trend

  

  Currently in a rebound continuation phase, the strategy is mainly to buy on dips without chasing highs.

  

  Main Long Position: Gradually enter long positions in the range of 82800-83000. Stop loss at 82000, target at 84300 and 85500.

  

  Secondary Short Position: If it peaks at 84800-85000 and fails to rise, then short. Stop loss at 85500, target back to 83500.

  

  Core Logic: The bulls have a slight advantage, but there is significant resistance above; take a profit after gaining some and do not be greedy.

  

  Ethereum

  

  Dear friends! The current price of Ethereum is 2510, which recently plummeted from 2770 all the way down to 2405, trapping those who chased the highs. Now it has worked hard to catch its breath in the range of 2450-2550, staying horizontal for several days. During such times, do not rush into trading; sharp rises and falls are pitfalls. We should focus on this range, waiting for it to move in a direction before taking action; protecting the capital is more important than anything else! On the technical side, the moving average system's short-term bullish and bearish forces are balanced; the MACD indicator is flat below the zero line, indicating a typical lack of direction. The Bollinger Bands are narrowing, with the middle track at 2520 being the current ceiling, and the lower track at 2459 being the floor; the price is caught in between, and a breakout is imminent.

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  In a fluctuating market, it is recommended to sell high and buy low:

  

  Aggressive traders can attempt to go long near 2460 with light positions, setting a stop loss at 2430, and exiting if it breaks the previous low.

  

  Conservative traders should wait for the price to rebound to around 2550-2560 to short, setting a stop loss at 2580; if it breaks and stabilizes above, then accept the loss and exit.

  

  Remember not to use heavy positions to gamble on direction; the risk of being hit repeatedly in a oscillating market is extremely high. Controlling position size and making small trades is the real way to survive.

  

  The above content is exclusively original by Liying; please credit the source when reprinting! Articles are subject to review delays; market conditions change rapidly, and the above suggestions are for reference only, with risks borne by the reader.

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