Liying Chat Currency: 11.8 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis
Family and friends! The current price of Bitcoin is 75850, a typical rise and fall, exhibiting weak fluctuations. The moving averages above are like mountains pressing down, and every time it tries to surge upward, it feels like it's being knocked down by an invisible hand. Fortunately, the area around 75,000 is not without support; previous drops have halted near this region. So now, both the bulls and bears are holding their breath, waiting to see who breaks first and shatters this deadlock. Will the bears continue to exert force and breach support, or will the bulls build up strength for a counterattack? We will wait and see. The overall momentum of the MACD remains weak, indicating that the downward inertia still persists. The Bollinger Bands show the market in a weak downward channel, and the moving average system displays a clear bearish arrangement. Overall, the technical indicators lean toward bearishness, but the lower support line warrants attention.
Bullish Strategy
Entry: 75600-75800 Stop Loss: 74500 Target: 76200-77000
Bearish Strategy
Entry: 76200-76500 Stop Loss: 77200 Target: 74800 or lower
Ethereum
Family and friends, the current price of Ethereum is 2240, like a young man who is drunk; one second it gives you a sweet taste by rising a bit, and the next second it immediately surprises you with a plunge. Looking at the K-line, just a few days ago it was hovering above 2400, and now it has plunged back to around 2200. This trend is most afraid of chasing highs and cutting losses; as soon as you see a rise and want to chase it, it traps you at the peak; as soon as you see a drop and want to cut losses, it stabilizes at the bottom by drawing a doji star. Now at the position of 2243, it is awkwardly stuck at a point that is neither here nor there, like walking on a tightrope, with a chasm to the left and a cliff to the right. What retail investors should do now is to keep their hands steady, observe more and act less, and avoid unnecessary turmoil. Overall momentum is weak, indicating that although bearish forces have been somewhat released, there is no significant bullish counterattack.
Go Short with the Trend
Short lightly on a rebound to 2265-2280. Stop Loss: 2305 Take Profit: 2224-2172
Speculate on a rebound and go long if it holds above 2240, or fall back to the support level without breaking. Entry: 2172-2180 Stop Loss: 2165 Take Profit: 2260-2290
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