Liying Chat Coin: 8.12 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

　　Family! The current price of Bitcoin is 63590, the K-line has been staying below several moving averages, feeling quite pressured from above. Market sentiment is clearly cautious. The technical indicators currently show a bearish trend. EMA7, EMA30, and EMA120 are in a bearish arrangement, and the price is suppressed below the short-term moving averages, indicating heavy selling pressure in the short term. The MACD indicator's DIF and DEA lines are diverging downward, suggesting that although the downward momentum has weakened, the bulls have not yet taken control, and the price is running close to the lower rail, with the middle rail forming strong resistance. There are slight signs of widening at the opening, indicating that volatility might increase. Overall, there are no clear reversal signals in the technical perspective, and further downside risk should be watched.

　　Short-term Trading Reference:

　　Going long at 63500-63000, stop loss at 62500, target 64500 aiming for 65500

　　Going short at 65000-65500, stop loss at 66500, target 64000 aiming for 63500

　　Ethereum

　　Family, the current price of Ethereum is 1865, neither going up nor down, like a fish bone stuck in the throat. Right now is a typical period of consolidation, with the main force washing out the weak hands. The technical indicators currently show a bearish trend but there is a demand for a rebound. The EMA moving average system is in a bearish arrangement, with the medium and short-term trends being weak and heavy resistance above. The MACD indicator's DIF and DEA lines are both diverging downward, showing that bears are dominant but the momentum is weakening. In terms of the Bollinger Bands, the price has broken below the middle rail of 1888, testing the support of the lower rail at 1848, with signs of narrowing at the opening, indicating a decrease in volatility and an impending choice of direction. Overall, the technical perspective is bearish but not oversold, and the effectiveness of the lower rail support should be monitored.

　　Short-term Point Reference

　　Going long at 1850, defending at 1830, stop loss at 1800, target at 1960 aiming for 2000

　　Going short at 1980, defending at 2010, stop loss at 2040, target at 1920 aiming for 1890

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