Liying Chat Coin: Latest Price Analysis of 10.27 Bitcoin (BTC) and Ethereum (ETH)
Family! Bitcoin is now priced at 80600. Looking at this chart, after the previous surge to a high of 84875, it has come down like a roller coaster and is now stuck at this position of 80500, neither going up nor down. One can imagine it as a person who is exhausted and catching their breath; although there’s no strength to continue running (a big rise), they also haven't collapsed from fatigue (a big drop). Currently, the K-line is hovering around the middle band of the Bollinger Bands, indicating that both bulls and bears are battling it out here, neither giving in to the other. The moving averages still show a bearish trend, with the MACD indicator's bearish strength weakening, while the bulls are trying to organize a counterattack. The price is currently running slightly below the mid-band at 81077, with the lower band support at 79615. As long as the price can stabilize at the mid-band, it can open up upward space; conversely, if it breaks below the lower band, it could be dangerous. Overall, the indicators are in a weak consolidation and repair stage, waiting for a change.
The strategy focuses on high selling and low buying, with follow-ups on breakouts:
Long Position: Aggressive traders can buy on a pullback to 79600-79800, with a stop-loss at 79100 and a target of 81000-82000; conservative traders can enter after stabilizing at 80200, with a stop-loss at 79500.
Short Position: If it rebounds to 80500-80800 and faces resistance, short it, with a stop-loss above 81200 and a target of 79600; if it drops below the previous low of 79178, short it accordingly, with a stop-loss at 79600 and a target of 78000.
Remember to strictly set stop-losses and control your position.
Ethereum
Family, Ethereum is currently priced at 2335. Looking at the K-line chart, it has fluctuated in the past few days, but the overall trend is still downward. The bulls want to counterattack but are consistently pressed down by the bears. Many old friends are asking if now is a good time to buy the dip? Don’t rush; let’s first see what the technicals say, as blindly buying the dip can easily lead to buying halfway up the mountain. The technical indicators show a bearish alignment in the EMA moving average system, with both the MACD’s DIF and DEA operating below the zero line, indicating momentum leaning towards the bears. The price is oscillating near the lower band at 2300, with the mid-band at 2334 forming strong resistance. If it cannot effectively break through the mid-band, the downside risk still exists. Trading volume has recently shrunk, with strong market hesitation, lacking clear directional funding support.
Long Position: If it stabilizes at 2300 and breaks through 2335 with volume, a lightweight long position can be attempted, with a stop-loss at 2270 and a target of 2380-2400.
Short Position: If it rebounds to 2335-2350 and encounters resistance, short it on the pullback, with a stop-loss at 2380 and a target of 2250-2280.
Risk Control: With increased volatility, position size ≤ 5%, strict stop-loss. The trend is unclear; it's better to miss out than to make mistakes!
The above content is exclusively original from Liying; please indicate the source when reprinting! The article's release and review may be delayed, and market conditions change rapidly; the above suggestions are for reference only, and risks are to be borne by the reader.
Warm reminder: The above content is solely from Liying's public account: Crypto Training Camp, created by the author. The advertisements at the end of the article and in the comments section are unrelated to the author, please discern carefully. Thank you for reading.
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