Li Ying Chat Currency: 7.27 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Currently, Bitcoin is at 64800. A few days ago, it just experienced a wave of high and then down, dropping from around 67000, and now it is oscillating between 64500 and 65000. It feels like both bulls and bears are holding back their big moves. This kind of market is the most exhausting. From a technical indicator perspective, the EMA moving average system shows that the short-term EMA7 and medium-term EMA30 are converging, and the price is running above EMA120, indicating that the medium to long-term trend remains bullish but short-term momentum is lacking. The MACD indicator's DIF and DEA are close to the zero axis, suggesting that bearish strength is weakening but bullish power has not yet emerged. The Bollinger Bands are clearly narrowing, with the price approaching the middle band, and the distance between the upper and lower bands narrowing to about 1000 points, indicating a directional breakout is imminent. We are currently on the eve of a market shift.

Short-term strategy reference:

Long position at 64000-63500, stop loss at 63000, target at 65500 aiming for 66500.

Short position at 67000-67500, stop loss at 68000, target at 66500 aiming for 66000.

Ethereum

Folks, the current price of Ethereum is 1920. After probing the bottom, it has formed a very nice double bottom or W-shaped pattern on the right side. Now the price has reached 1920, just breaking through the previous consolidation platform. If you look closely at the arrangement of the moving averages, you will find that the bullish trend is accelerating. This kind of market is a typical upward movement in hesitation; the current 1920 is not the peak, but the starting line of a new round of market movement. The technical indicators show very clear bullish signals. The moving averages have formed a perfect bullish arrangement, with the three moving averages diverging upwards. The MACD indicator shows a typical "airborne refueling" pattern, signifying strong upward momentum. The Bollinger Bands are opening up in a trumpet shape, which usually indicates the start of a one-sided large market movement, indicating that we are currently in a very strong primary upward wave phase.

Short-term point reference:

Long position at 1880, defense at 1830, stop loss at 1800, target 1960 aiming for 2000.

Short position at 1980, defense at 2010, stop loss at 2040, target 1920 aiming for 1890.

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