Li Ying's Analysis of the Latest Bitcoin Market on 10.24

Article Published on 2025.10.24------01:40

The current price of Bitcoin is 110,750. Li Ying assesses that Bitcoin is operating between key support and resistance levels. Short-term momentum has increased, but the trend direction remains unclear. The short-term moving averages have formed a golden cross, with prices approaching the upper Bollinger Band, indicating a certain bullish tendency. The emergence of an engulfing pattern may suggest a short-term bullish reversal signal, with the daily candlestick breaking above the previous trading day's high of 110,576, indicating strong short-term bullishness. The 2-hour candlestick shows a continuous upward trend, with lows gradually rising and highs being refreshed, currently in a rebound phase. The MACD shows enhanced momentum on the 2-hour chart, with the daily chart undergoing upward correction. There are signs of bulls returning; regardless of market changes, reaching key pressure and support levels can be considered for entry. For now, the trend remains bearish, so it is advisable to open short positions at resistance levels. The EMA on the 2-hour chart has been effectively broken by prices, with short-term moving averages showing a golden cross; there is pressure on the daily chart, but it is only a short-term breakout, so this can be used as an opportunity.

Short-term Strategy Reference:

• Long Entry Point: 109,000, Stop Loss: 108,500, Stop Loss: 500 points, Target: 110,500
• Short Entry Point: 111,000, Stop Loss: 111,500, Stop Loss: 500 points, Target: 109,500

Latest Ethereum Market Analysis

Before publication, the current price of Ethereum is 3,915. Li Ying observes that Ethereum is currently operating within the key range of 3,400 to 4,000. Recently, a bullish engulfing pattern has appeared, suggesting a high possibility of a short-term rebound. However, although the price is above the short-term moving averages, the long-term moving averages are still under pressure, indicating that the long-term trend has not fully strengthened, and there is some uncertainty in market direction. The breakthrough of the resistance level at 4,000 will be a key observation point for short-term trends. The 2-hour price shows a fluctuating upward trend, with highs continuously rising, but the volatility is relatively small. The MACD shows enhanced short-term bullish strength on the 2-hour chart, with effective support from the EMA short-term moving averages, while the long-term trend remains bearish. Li Ying believes that as long as the price does not break 4,000, positions can be sought for entry.

Short-term Point Reference:

• Short Entry Point: 3,950, Stop Loss: 4,000, Stop Loss: 50 points, Target: 3,800
• Long Entry Point: 3,800, Stop Loss: 3,750, Stop Loss: 50 points, Target: 3,950

The above content is exclusively original by Li Ying; please indicate the source when reprinting! Article publication review has a delay, and market conditions change rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Li Ying's insights will be helpful to you!

The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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