Liying Chat Coin: 8.21 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

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1 hour ago

Liying Chat Coin: 8.21 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

  

  Family! The current price of Bitcoin is 72300, suddenly breaking through 70000 with a surge, and now the price is firmly above 70000. From this momentum, it seems to have completely gotten rid of the previous fluctuation mire. Many people were tortured by the back-and-forth washing out, but now they finally see a clear trend. The moving average system has formed a perfect bullish arrangement, with EMA7, EMA30, and EMA120 successively diverging upwards. The steep slope of the short-term moving averages indicates strong buying power. The MACD indicator shows that the DIF and DEA dual lines are widening, signaling an acceleration of the bullish trend. The price has broken through the upper track and the opening has greatly expanded, with the current price running outside the upper track, belonging to a very strong trending market. However, one must also be wary of the demand for a pullback after short-term overbought conditions, but the overall trend remains upward.

  

  Short-term Strategy Reference:

  

  Buy points 70500-70000, stop loss 500 points, target 72500 aiming for 75000

  

  Sell points 72500-73000, stop loss 500 points, target 71000 aiming for 70000

  

  Ethereum

  

  Family! The current price of Ethereum is 2290, suddenly a large bullish candlestick has directly shot up, indicating that main funds have entered the market to seize the opportunity. The current market is a typical case of the strong getting stronger, and the moving average system displays a perfect bullish arrangement. EMA7 has crossed EMA30 and is diverging sharply upwards, with strong support below. The MACD indicator’s DIF and DEA are still opening upwards, indicating that although the upward momentum is slowing down, it has not exhausted. The price is closely adhering to the upper track at 2327, which is a very strong one-sided breakout signal. As long as the price does not fall below the middle track at 2017, the upward trend remains intact. The current sideways movement is merely digesting the profit-taking.

  

  Short-term Point Reference:

  

  Buy points 1850, support 1830, stop loss 40 points, target 2300 aiming for 2400

  

  Sell points 2450, support 2470, stop loss 40 points, target 2350 aiming for 2300

  

  The above content is exclusively original by Liying, please indicate the source when reprinting! Article publication reviews have delays, the market is ever-changing, and the above suggestions are for reference only, with risks borne by the individual.


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