Li Ying Chat Coin: 11.4 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Family! The current price of Bitcoin is 77580, which belongs to a typical recovery market after a significant drop. The market is at a delicate crossroads: above is a dense area of trapped positions and moving average resistance, below is the previous low support at 76270. This sideways movement is gathering momentum for the next big direction; the overall trend in the 2-hour chart still leans weakly, with the EMA showing a typical recovery state after a bearish arrangement. Although the MACD indicator shows bullish resistance, the bears continue to control the market. The middle track is at 77411, and the price is currently hovering near the middle track, with the lower track support at 76303. If it cannot effectively break through the middle track for a long time, it is likely to continue testing the support level downwards.

Bilateral Practical Strategy

Short on Trend: Short if there is a rebound to 78000-78200, stop loss at 78500, target at 76270-76500.

Bet on a Rebound: Lightly buy if there is a pullback to 76300 support, stop loss at 76000, target at 77400.

Li Ying Reminder: The current tug-of-war between bulls and bears is intense, strictly implement stop-loss measures.

Ethereum

Family, the current price of Ethereum is 2292. From the chart, ETH has been oscillating downward, and several rebounds in between have been relentlessly knocked back, especially the large bearish candle at the end of October that directly created a low of 2172, which probably scared many people. However, the good news is that after this bottom-fishing, the market did not continue to dive blindly, but instead formed a sideways oscillation structure at a low level. Simply put, the bearish strength is weakening, and the bulls are starting to attempt a counter-attack. Although it’s not the time for a meteoric rise yet, this low-volume sideways movement is often a precursor to a reversal, as long as the key support is maintained, the upcoming market may be more optimistic than anticipated. Volatility is compressing and will soon choose a direction. If it can effectively break through and stabilize around the middle track, the space above will gradually open up.

Using range trading and breakout follow-through strategy:

Long Position: Lightly test buy if the price stabilizes after a pullback to 2270-2280. Stop loss at 2220, target at 2350-2400. If it strongly breaks through 2350, add positions on the trend.

Short Position: Layout short positions if there is resistance at 2350-2370 on the rebound. Stop loss at 2400, target back at the lower edge of the range. If it falls below the key support at 2250, then lightly follow through on shorts.

Li Ying Logic: Lightly test errors in the oscillation range, and heavily invest after confirming a breakout.

The above content is exclusively created by Li Ying; kindly cite the source when reprinting! Article publication review has a time delay, and the market changes rapidly; the above suggestions are for reference only, and risks are borne by the reader.

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