Cryptocurrency Circle Liying: On July 23, the "top distribution" signal for Bitcoin appeared: is it a precursor to a pullback or a smokescreen from the main force? Ethereum's phase high point pullback, is it a healthy correction or the beginning of a trend reversal?

CN
18 hours ago

In the cryptocurrency world, regardless of what coin you are dealing with or whether you are trading digital currencies, you cannot escape the fluctuations of the trading market. Watching those constantly rising and falling curves can be dazzling, and some investors even find it exhausting and stressful to keep an eye on the market. Therefore, having a digital asset manager is a common expectation among cryptocurrency investors. In light of this expectation, Liying has arrived, bringing with it the best scientific analysis techniques and the highest quality guidance to your side.

Liying in the Cryptocurrency World: Latest Bitcoin Market Analysis on 7.23

Article Published on 2025.7.23-------00:10

The current price of Bitcoin is 119,000. Liying has observed that the current market K-line is continuously operating above both the EMA7 and EMA30 moving averages, while gradually testing resistance levels during the fluctuations. Market sentiment is moderately optimistic, but momentum has weakened. Therefore, Liying believes that in the short term, the price may continue to test the resistance level of 123,200. However, due to the weak momentum indicated by the RSI and MACD, as well as the presence of a top divergence, a quick breakthrough may be difficult in the short term, with a high probability of fluctuations. If the price falls below the support of the EMA7 and EMA30 moving averages, there is a risk of a short-term pullback. Finally, Liying suggests focusing on fluctuation operations, considering light positions near the EMA7 and EMA30 during price pullbacks, and paying close attention to the breakthrough of the resistance level at 123,218.00. If it cannot stabilize above this level, one may consider reducing positions or closing out at high levels.

Today's Liying Price Predictions

Long entry at 117,000, add long at 116,000, stop at 500 points, target at 118,500.

Short entry at 120,000, add short at 121,000, stop at 500 points, target at 117,500.

Ethereum Analysis

The current price of Ethereum is 3,727. Liying assesses that Ethereum continues to show an upward trend, but has recently pulled back from a phase high of 3,858. The current price is around 3,710. The overall market remains bullish, but the short-term battle between bulls and bears has intensified. Therefore, Liying believes that the market may enter a consolidation phase in the short term. The current price is close to the support range formed by the EMA7 and EMA30, and the latest bullish engulfing pattern and RSI rebound indicate some short-term rebound momentum. However, since the MACD is still in a death cross state, and the convergence of the Bollinger Bands indicates reduced volatility, the short-term rebound may be limited by the previous high resistance at 3,858. Finally, Liying suggests that friends in the cryptocurrency space pay attention to the support performance in the 3,710 and 3,720 range. If the price stabilizes and shows clear rebound signals, one may attempt to go long with light positions, targeting the 3,800 and 3,850 areas, with a stop loss set below 3,700.

Latest Price Reference

Long entry at 3,650, add at 3,600, stop at 30 points, target at 3,750.

Short entry at 3,850, add at 3,900, stop at 30 points, target at 3,750.

Good tea is not afraid of tasting, and technology is not afraid of scrutiny. The only thing that never lies in the world is time. A hundred empty words are not as good as one action; precise strategies are not as good as one execution. The most frightening thing in the market is not the absence of trends or opportunities, but confusion and lack of direction. If there is no wind blowing from any direction, it is all headwind. As long as you work hard, an iron pestle can be ground into a needle! In the new century, as long as you are willing to work hard, who says you cannot have both fish and bear's paw! In contract trading, you can profit from both rising and falling markets as long as you get the direction right! Don't fear the lack of opportunities; fear the moment an opportunity arises and you hesitate to act!

The above content is exclusively original by Liying; please indicate the source when reprinting! Article publication review may have delays, and market conditions change rapidly. The above suggestions are for reference only, and risks are borne by the reader. Liying cannot control the market but can help anticipate the risks we may encounter in our operations. Proper risk control is essential to ensure our investments remain undefeated. If you are still confused in the cryptocurrency world, always making small profits and large losses, struggling to grasp buying and selling points, unable to read market directions, or manage your mindset, you can follow Liying in the cryptocurrency space. I will develop a personalized plan for you based on your actual situation and market trends, genuinely addressing the root of the problems. I hope Liying's presence will be helpful to you on your investment journey!

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

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