Li Ying Chat Currency: Latest Market Analysis of Bitcoin (BTC) and Ethereum (ETH) on September 12

Dear family! The current price of Bitcoin is 78700, starting to rebound. But don’t rush in; the price is currently sandwiched between several moving averages, and the direction is still not completely clear. The technical indicators currently show that the EMA moving average system is in a tangled state, with EMA7 and EMA30 almost sticking together, indicating that short-term and mid-term costs are becoming consistent, and a change is imminent. The price is currently above EMA120, which is a positive mid-term signal. The MACD indicator's DIF has a tendency to cross above DEA, showing that bearish power is exhausted and bullish power is accumulating. In terms of the Bollinger Bands, the price has broken through the middle track of 77564 and is testing the upper track resistance of 78963; if it can effectively stabilize above the middle track and break through the upper track, it will confirm the continuation of the rebound trend.

Short-term strategy reference:

It is suggested to adopt "incremental position building + pyramid increase" to go long.

Establish the first position at 78700 with 20%, add positions by 30% if it falls back to 77800-78000 without breaking. Set stop-loss at 75800.

Targets are divided into three levels: 79500, 80500, 82000. After reaching the first target, move the stop-loss up to the breakeven price.

The core of the wave is to let profits run; hold firmly as long as the trend is not broken.

Ethereum

Dear family! The current price of Ethereum is 2610; it has been hovering between 2400-2500 for almost two weeks, and many people have long since been unable to hold and got off the bus, only to see a large bullish candle directly push it to 2612 today, catching the bears off guard. This sudden violent surge often marks the beginning of a trend change; either it is a true breakout starting a new rise, or it is a large pullback after inducing buying. At this position, chasing highs worries about missing out, and shorting worries about missing the drop, which indeed makes people conflicted. But opportunities often arise amid disagreements; the key is to understand the intentions of the main forces and not be fooled by superficial fluctuations. Next, let’s break down the technical indicators to see if this wave of rise is reliable, and provide several practical entry points for everyone. No matter if you want to chase up or catch the top, you can find a strategy that suits you. Overall, technical analysis supports a continued bullish outlook, but it’s important to note the possibility of oscillation at high levels.

Short-term point reference:

Mainly buy on dips and short as a supplement. Pay attention to entering long positions in batches at 2500-2520 or 2480, with a stop-loss at 2460 and targets at 2650-2700. Attempt short positions only when faced with resistance between 2650-2680 and there’s a negative divergence, with a stop-loss at 2700 and a target at 2550.

The above content is exclusively created by Li Ying; please indicate the source if reprinted! Article publication review has latency; the market changes rapidly, and the above suggestions are for reference only at your own risk.

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