Li Ying Chat Coin: 8.20 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Dear friends! Bitcoin's current price is 68,500, after consolidating for more than a month, it has flushed out all the shaky hands. Now the price has surged directly to 68,500; this is not merely a rebound, it signifies a regime change! You can see that this trend has perfectly formed a right-side breakout of a rounded bottom or double bottom. The moving average system: EMA7, EMA30, and EMA120 has formed a perfect bullish arrangement. Especially since the price is steadily above EMA120, indicating that the long-term trend has shifted from bearish to bullish. The MACD indicator shows a continuous divergence of the golden cross above the zero axis, and the Bollinger Bands are widening rapidly, with the price running close to the upper band, showing typical characteristics of a unidirectional surge. Currently, the price has even pierced the upper band, resulting in overbought but extremely strong conditions.

Short-term strategy reference:

For trading at 68,300-67,700, stop loss at 500 points, target 69,500 aiming for 71,000

For trading at 71,500-72,000, stop loss at 500 points, target 69,000 aiming for 68,500

Ethereum

Dear friends, Ethereum's current price is 2,082, and everyone thought it was going to crash, but now it's pulled back directly to 2,083. A large bullish candle has suddenly emerged on the 4-hour chart, breaking through the previous months' oscillating range. This trend is a typical steep fall rebound + breakthrough confirmation; market sentiment has instantly shifted from pessimism to greed. From a technical indicator perspective, the EMA moving average system has formed a bullish arrangement, with EMA7 crossing above EMA30 and EMA120, indicating a strong short-term trend; MACD indicator's DIF and DEA are golden crossing above the zero axis, with red bars continuously expanding, showing sufficient momentum; the middle band of the Bollinger Bands at 1,911 has turned upward, and the price has broken through the upper band at 1,994, indicating overbought but the trend remains unchanged. Overall, we are currently in a strong upward channel, with pullbacks presenting opportunities.

Short-term reference points

For trading at 1,850, with a defense at 1,830, stop loss at 1,800, target 1,960 aiming for 2,000

For trading at 1,980, with a defense at 2,010, stop loss at 2,040, target 1,920 aiming for 1,890

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