Li Ying's Chat Currency: 9.24 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis
Family members! The current price of Bitcoin is 84700, and just now there was a sharp drop that brought the price down to around 84700, a sudden drop in the bull market. The trend remains intact, providing an opportunity for entry. The technical indicators show a short-term weakening of the moving averages, but the overall direction is still controlled by bulls. The bearish momentum of the MACD indicator is being released, and the adjustment may not be completely over yet. The price has already broken through the middle track of 85959 and is testing the support strength of the lower track at 85020. If it can stop falling around 85000 and form a long lower shadow, that would be a classic pullback confirmation signal.
Short-term reference: Buy on dips, be cautious at tops.
Buy point at 84500, defend at 84000, stop loss 400 points, target 86000 aiming at 87300.
Sell point at 86000, defend at 86500, stop loss 400 points, target 85000 aiming at 84500.
Ethereum
Family members! The current price of Ethereum is 2679, such a pullback after a big rise is very normal, just like taking a break after climbing a mountain. This is just the support level of the short-term moving average and the middle track, so if it can stabilize, there will be opportunities to push higher; if it breaks, then it may have to look for more stable support below. Currently, EMA7 and EMA30 are still above EMA120, indicating that the medium and long-term trend is still bullish but short-term has adjustment pressure. In terms of MACD, the DIF and DEA momentum have not turned positive, with the middle track of the Bollinger Bands at 2740 now a resistance level, and the lower track at 2702 being the recent key support; if it breaks this, it may test the 2650 area. Overall, the market is in a pullback phase within a bullish trend, and we need to wait for stabilization signals before taking action.
Short-term point reference
Buy point at 2660, defend at 2630, stop loss 40 points, target 2720 aiming at 2760.
Sell point at 2740, defend at 2750, stop loss 40 points, target 2700 aiming at 2650.
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