Liying Chat Currency: 10.25 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis
Dear friends! The current price of Bitcoin is 79,600, now it feels like a deflated balloon, steadily declining. You see those moving averages, they are like several mountains pressing down from above, especially that purple long-term moving average, the price has been running below it, what does this indicate? It indicates that the current major trend is still dominated by bears, and bulls will have to work hard to flip the situation. The current K-line is behaving weakly, and the rebounds lack volume; it feels like the main force is slowly unloading or washing the盘. The technical indicators show a typical bearish arrangement at the moment, the MACD indicator's DIF and DEA lines continue to diverge downward below the zero axis, and the price has touched the lower track at 79,799. Although theoretically there is support here, the Bollinger Bands are widening downwards, which usually indicates the beginning of a one-sided downward trend rather than a reversal. Overall, the indicators resonate in a bearish manner, with rebounds serving as selling pressure.
The current market is weak, it is recommended to focus on high short positions, with low long positions as a supplement.
Short Position Strategy: For the cautious, wait for a rebound to 80,290-80,500 to enter. Set a stop-loss above 81,000, and target at 78,500; after breaking, look at 77,800.
Long Position Strategy: Currently do not heavily take long positions unless the price stabilizes above 80,500. For super short-term trading to profit from a rebound, wait for a long lower shadow to appear at 78,000-78,200, stop-loss below 77,500, target 80,000. For counter-trend positions, be sure to enter and exit quickly.
Ethereum
Dear friends, Ethereum's current price is 2,300, let’s discuss through the chart, the price is currently hovering around 2,300, this position looks like a swing on the edge of a cliff, quite scary. From the end of September to now, it has been an overall downward trend. Although there have been a few decent rebounds trying to push upwards, each time they have been harshly beaten back, indicating that the selling pressure above is indeed heavy. Now the K-line has dropped to a recent low, and many may be asking: Is it going to crash to 2,200, or can it hold at 2,300 to buy the dip? The current market is a typical weak oscillation, the bulls lack strength, and the bears are not in a hurry to crash the price; everyone is waiting for a directional choice. At this time, do not blindly guess the bottom, nor chase rising prices or sell at falling prices, maintaining a calm mindset, understanding the situation before taking action is the key; overall, the indicators are in a state of "oversold but not stabilized."
Long and Short Practical Strategies
The current trend is slightly bearish, it is suggested to focus on high short positions, with short long positions as a supplement.
Short Position: Wait for a rebound to 2,380-2,400 to enter. Set a stop-loss at 2,435, target the previous low at 2,300, and look at 2,250 after breaking.
Long Position: For aggressive traders, consider light short positions at the current price of 2,300-2,310. Set a strict stop-loss at 2,275 and target 2,360-2,380 and exit immediately; remember not to linger in the market.
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