Liying Chat Currency: 11.15 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Family! The current price of Bitcoin is 65440. Bitcoin has dropped from 87000 down to 65657, losing nearly a quarter over the past two months. What does this trend resemble? It looks like a person rolling down from the top of a mountain, resting on a few platforms along the way, and then continuing downwards. The most heartbreaking part is that in the last few days, the K-line has hardly provided any decent rebounds, continuously pushing downward without giving the bulls a chance to catch their breath. But one must understand a principle: the sharper the drop, the stronger the rebound. Right now, the market is filled with those cutting losses and liquidating positions, and the sentiment has reached a freezing point. A freezing point is not a bad thing; it is often the last stretch before a turnaround. The three EMA lines are in a standard bearish arrangement, and there is an early signal of diminishing downward momentum in the MACD. The lower Bollinger Band is dulling, clearly exhibiting characteristics of being oversold.

Short Position: On a rebound at 67900-68100, short in batches, stop-loss at 69200, target at 64500 / 63000.

Long Position: If it retraces to 64500 without breaking and shows a long lower shadow; confirm after stabilizing at 66700. Stop-loss at 63800, target at 69000 / 71000

Ethereum

Family, the current price of Ethereum is 1830. Since the beginning of October, it has fallen from over 2800 to the current 1838, with a drop of more than 30%, and there has been almost no decent rebound in between. The worst part is not the drop, but each time you think it has hit bottom, it gives you another bearish candle. The price is now moving close to the lower Bollinger Band, with shrinking trading volume, indicating that most who needed to cut losses have done so, and the rest are stubbornly holding on. At this position, it is often not far from the actual bottom, but don’t be too quick to catch the falling knife. The EMA is in a complete bearish arrangement, and the moving average system shows significant resistance; any rebound to around 1940 will encounter selling pressure. The MACD is operating below the zero line, and momentum has not yet diminished. The price has fallen below the lower band, entering an oversold area, indicating a technical rebound demand. Overall judgment: The trend is still bearish, but it is short-term oversold, and a corrective rebound may happen at any time.

Short Position: Short in batches in the range of 1916-1944, stop-loss at 1980, target at 1850, and consider 1780 if broken.

Long Position: Lightly test long in the range of 1820-1840, with stop-loss below 1790, target at 1900-1916.

In a downtrend, seize the rebound with no more than 20% position; better to miss than to make a mistake. A reversal signal is awaited when EMA7 crosses above EMA30 and stabilizes.

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