Liying Chat Currency: 11.2 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis
Dear family! The current price of Bitcoin is 78000. Although the trend in the past couple of days has not completely reversed, the waterfall-like drop has stopped. The current price is stabilizing around 78000, like an injured person slowly recovering. The current market is a typical oversold rebound, with resistance above and support below. What we need now is patience; don’t get hot-headed chasing after a slight increase, and don’t panic and sell at the floor because of previous drops. At this time, mindset is key; as long as we stay steady, opportunities will still arise. The current K-line pattern is trying to repair the trauma from the previous crash. The EMA moving average is turning strong in the short term, and the divergence structure at the bottom of the MACD indicator is quite obvious. The price has forcefully broken through the mid-line and is now testing the upper line resistance at 78717. If the Bollinger Bands can continue to widen, upward space will be opened up.
Long and Short Trading Strategies
Long: Enter the market when stable around 77500-77600. Set a stop-loss at 76000 to prevent a second bottom test. The target is to first look at 78700-79000, and after breaking through, aim for 79500.
Short: Layout short positions at 79500-79800. Set a stop-loss above 80200, aiming to bring the target back to 78000.
Liying reminds: In a rebound market, enter and exit short positions quickly, while long positions can be held moderately to observe breakthroughs.
Ethereum
Dear family, the current price of Ethereum is 2270. It seems stable, but it is actually still under observation in the ICU. The long-term moving average is still pressing down from above, like a strict principal; without breaking through it, everyone has to bow down obediently. However, the good news is that the short-term moving averages have started to turn upwards, indicating that funds are quietly accumulating shares, not wanting the price to drop further. The current pattern is nurturing a change in trend. The EMA moving average has formed a short-term golden cross resonance, and the buying power is beginning to dominate. Above, the EMA120 constitutes a very strong dynamic resistance level, which is a hard barrier that the bulls must overcome. The MACD trend is upward, indicating that the short power is weakening, and the bulls are trying to take control of the match, with the middle line located around 2256. The price is currently running between the mid and upper lines at 2278, which is a typical accumulation pattern. Once the Bollinger Bands open upwards and the price entity stabilizes above 2280, a new round of upward trend will be confirmed.
Practical Trading Strategies
For conservatives, place orders around 2255-2260 on the dips. Set a stop-loss at 2240, with the first target aiming for 2280, and if broken, further targets at 2300-2310.
If a rebound occurs and encounters resistance at 2315-2320, a short position can be taken, with a stop-loss above 2325, targeting the return to 2280.
Liying reminds: If the middle-line support at 2250 holds, the short-term bias is bullish; if it falls below 2240, the trend turns bearish, and one should exit and observe immediately.
The above content is exclusively original by Liying; please indicate the source for reprints! Article publication is subject to review delays, and the market is ever-changing. The above suggestions are for reference only, with risks to be borne by oneself.
Warm reminder: The above content is solely from Liying's public account: Crypto Training Camp, created by the author. Advertisements at the end of the article and in the comment area have nothing to do with the author, please discern carefully, thank you for reading.
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