Liying Talks Crypto: 9.2 Latest Analysis on Bitcoin (BTC) and Ethereum (ETH)
Dear readers! Bitcoin is currently priced at 77,800, consolidating at high levels for nearly a week, just like taking a break halfway up a mountain. At this point, avoid chasing highs or panicking to buy the dip. The EMA technical indicator system shows a bullish arrangement but with weakening momentum, as the EMA7 has crossed below the EMA30, forming a short-term death cross. The price is moving between the EMA30 and EMA120, indicating the medium-term trend is still upwards but facing short-term pressure. The MACD indicator shows the DIF and DEA lines sticking together above the zero axis, with shrinking red bars, signaling that the upward momentum is exhausted but not reversed bearish. The Bollinger Bands are narrowing, with the upper band at 79,196 and the lower band at 77,441; price is right at the middle band of 78,319, and volatility has dropped to a low, suggesting a breakout move is imminent. Overall, the technicals indicate a phase of accumulation and a directional choice is near.
Short-term Strategy Reference:
Buy around 77,700–77,200, stop loss at 500 points, target 80,000 aiming for 81,000
Sell around 80,500–81,000, stop loss at 500 points, target 79,500 aiming for 78,500
Ethereum
Family, Ethereum is now at 2,444, still moving sideways, as if gathering strength. The current price lingers near several moving averages, showing uncertainty. The EMA7, EMA30, and EMA120 are in bullish alignment, but the short-term moving averages are flattening out, indicating weakening upward momentum. The MACD shows DIF and DEA lines sticking together above the zero axis with shortening red bars, hinting at a possible short-term pullback or consolidation. Bollinger Bands' middle line is at 2,454; price has broken below the middle band, with the lower band support at 2,415, suggesting a current weak zone. Trading volume has recently shrunk, lacking strong breakout signals, and market sentiment is hesitant. Overall, the short-term trend is bearish, but the medium- and long-term direction remains intact. Wait for a sign of stability before acting.
Short-term Position Reference
Buy around 2,430, defend 2,400, stop loss at 40 points, target 2,520 aiming for 2,570
Sell around 2,500, defend 2,530, stop loss at 40 points, target 2,470 aiming for 2,430
The above content is exclusively original by Liying. Please indicate the source if reprinting! Due to delays in article publication and rapid market changes, all the above suggestions are for reference only and undertaken at your own risk.
