Li Ying's Chat on Currency: 9.2 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Dear family! The current price of Bitcoin is 77800, and it has been consolidating at a high level for almost a week, like climbing a mountain and resting in a tent at halfway. At this time, do not rush to chase the high, nor panic to bottom-fish. The technical indicators EMA moving average system shows a bullish arrangement but with weakening momentum. EMA7 has crossed below EMA30 forming a short-term dead cross, and the price is running between EMA30 and EMA120, indicating that the medium-term trend is still upward but under short-term pressure. The MACD indicator DIF and DEA are consolidating above the zero axis, and the red bars continue to shrink, indicating that the upward momentum is exhausting but has not turned bearish. The Bollinger Bands are noticeably narrowing, with the upper band at 79196 and the lower band at 77441, the price is closely running along the middle band at 78319, and the volatility has dropped to a low level, indicating an impending change in trend. Overall, the technical side is in a state of ready to explode, with direction choice imminent.

Short-term Trading Strategy Reference:

Long position at 77700-77200, stop loss 500 points, target 80000 aiming for 81000

Short position at 80500-81000, stop loss 500 points, target 79500 aiming for 78500

Ethereum

Dear family, the current price of Ethereum is 2444, consolidating and fluctuating as if gathering strength. The price is hovering near several moving averages, going neither up nor down. The technical indicators EMA7, EMA30, and EMA120 currently show a bullish arrangement, but the short-term moving averages are starting to flatten, indicating weakening upward momentum. The MACD indicator DIF and DEA are consolidating above the zero axis, and the red bars are shortening, showing signs of a dead cross, suggesting a possible short-term decline or fluctuation. The middle band of the Bollinger Bands is at 2454, and the price has fallen below the middle band, with the lower band support at 2415, indicating it is currently in a weak range. The trading volume has recently shrunk, with no significant breakout signs, and the market atmosphere is thick with wait-and-see sentiment. Overall, it leans toward bearish in the short term, but the medium to long-term trend is not bad; a stabilization signal needs to be awaited.

Short-term Position Reference

Long position at 2430, stop at 2400, stop loss 40 points, target 2520 aiming for 2570

Short position at 2500, stop at 2530, stop loss 40 points, target 2470 aiming for 2430

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