Li Ying Chat Currency: 11.5 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Family! The current price of Bitcoin is 80450, a strong bullish candlestick has violently surged up, instantly breaking through the 80,000 mark, currently steadied at around 80450. What does this indicate? It indicates that the bears have been completely defeated, and the bulls have sounded the horn for a counterattack! This kind of deep V reversal often signifies that a new wave of a significant upward trend is about to begin. Stop hitting your thighs in frustration, quickly get on board, and let’s see how we can position ourselves in this market to securely profit from this wave and avoid missing out! The three moving averages have formed a powerful breakthrough with a bullish candle crossing multiple lines; the bullish arrangement is already evident. The MACD dual lines formed a golden cross below the zero axis and are rapidly diverging upwards, showing extremely strong upward momentum. The candlestick has already strongly pierced through the upper Bollinger Band at 79332, indicating that a unilateral huge upward trend has officially established and market volatility is about to explode.

Practical Strategy

Long Position: Place orders between 79300-79500, stop loss at 78500, target at 81500-83000

Aggressive: Enter long with a small position at the current price, stop loss as above

Short Position: Try short with a small position between 81200-81500, stop loss at 82200, target at 79800

Li Ying reminds: The major trend has turned bullish, do not go heavy at the top, manage your stop loss, and ride the trend to profit!

Ethereum

Family! The current price of Ethereum is 2423, today a super large bullish candlestick directly reached 2423, leaving the bears confused! This is what we often call a significant false breakdown followed by a real surge. The previous position at 2172 was the golden pit for the main force, intentionally breaking down to scare you into giving up your chips, but now that it has V-reversed and broken through, it shows that the washout has ended, and a true upward trend is about to come; the EMA moving averages have formed a perfect bullish arrangement. The MACD indicator's DIF line has strongly crossed above the DEA line, and the momentum is plentiful. The price has forcefully broken through the upper Bollinger Band at 2388, with the band opening wide, which is a typical signal that the main rise is starting, establishing a unilateral upward trend.

Practical Long and Short Strategies

Long Strategy: Aggressive traders can try long with a small position at the current price of 2423; conservative traders should wait for a pullback to stabilize in the 2350-2360 range before entering

Profit Target: Initially aim for 2450, then look at 2500-2530

Defensive Stop Loss: Firmly stop loss if it drops below 2320

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