Liying Chat Currency: 9.25 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis
Dear family! Bitcoin is currently priced at 84300, and the market is really a bit bewildering. Looking at this 2-hour chart, it just surged to a high of 87385 a few days ago, then turned around and made a high dive, crashing down to around 84250 now. The EMA moving averages have not changed the medium to long-term bullish trend, but there is significant short-term pressure on the rebound. The MACD indicator shows that bearish strength is still dominant, momentum has not yet exhausted, and there are no bottom divergence signals currently visible. The Bollinger Bands indicate that a reversal is imminent. If it cannot quickly recover above the middle band, it is highly probable that it will touch the lower band to seek support
Short-term Reference:
For long positions at 83000, set a stop at 82500, stop-loss at 400 points, target 84000 aiming for 84500
For short positions at 84500, set a stop at 85000, stop-loss at 400 points, target 83500 aiming for 83000
Ethereum
Dear family! Ethereum is currently priced at 2680, stuck at this position, which indeed makes it a bit conflicted. Looking at the chart, it recently surged above 2800, but could not hold its ground and has fallen back down, now stuck between several moving averages. This is like climbing a mountain; after getting tired halfway up, do you continue to push upward after a brief rest, or do you slide down due to lack of strength? The current market is a typical oscillation period, with pressure above and support below. The direction is unclear and is in a phase of selecting a reversal. But as long as it does not break below the lower band of 2620, the overall upward trend is not completely broken
Short-term point reference (2630 normal holding with good stop-loss is sufficient)
For long positions at 2660, set a stop at 2630, stop-loss at 40 points, target 2720 aiming for 2760
For short positions at 2740, set a stop at 2750, stop-loss at 40 points, target 2700 aiming for 2650
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