Li Ying Chat Currency: 9.14 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Families! The current price of Bitcoin is 77100, just above the previous low support level of 76000. Many people are feeling uncertain, not knowing whether to buy the dip or cut their losses. In fact, this is a moment that tests one’s mentality the most; as long as the trend hasn’t turned bad, don’t scare yourself. Although the price has dropped significantly, it has not broken through the key support, indicating that bulls are still resisting. We cannot rely on guesses to trade; we need to look for signals. The price is hovering near the lower track at 76793, with the middle track at 77153 forming the first resistance level. If it cannot effectively break through the middle track, the downside risk still exists. However, the RSI is close to the oversold area, indicating a potential short-term technical recovery demand; we need to beware of false breakout traps.

Short-term Strategy Reference:

Make a buy at 76500, with a defense at 76000, a stop loss of 400 points, and a target of 77000 aiming for 78500.

Make a sell at 79500, with a defense at 80000, a stop loss of 400 points, and a target of 78500 aiming for 78000.

Ethereum

Families! The current price of Ethereum is 2485, many people are panicking, thinking it will collapse. But don’t rush, let’s look at the chart; this is actually a normal pullback. The previous surge was too strong, and it’s normal for profit-taking to occur. Now the price is hovering around the middle track of the Bollinger Bands, indicating that bulls and bears are still contesting, and it hasn't reached a point of one-sided decline. If you chase a short, you might get trapped at the floor; if you blindly buy the dip, you might fear getting caught halfway up the hill. So at this time, patience is tested the most; waiting for a clear signal before taking action is a hundred times better than random guessing. Remember, there will always be opportunities in the market; preserving your capital is essential to survive until the end. Declining trading volume indicates reduced selling pressure, but buying appetite is also not active. Overall, we are currently in a “weak consolidation” phase; a directional choice is imminent, and we need to wait for a breakout signal.

Short-term Point Reference

Make a buy at 2460, with a defense at 2420, a stop loss of 40 points, and a target of 2520 aiming for 2560.

Make a sell at 2550, with a defense at 2600, a stop loss of 40 points, and a target of 2500 aiming for 2460.

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