Li Ying Chat Currency: Latest Market Analysis of 7.31 Bitcoin (BTC) and Ethereum (ETH)

CN
4 hours ago

Liying Chat Coin: 7.31 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

  

  Currently, Bitcoin is at 64700, and the price is stuck between several moving averages, with pressure above and support below, like a sandwich cookie. This volatile market can be the most frustrating but also the easiest to find opportunities. The key is whether it can stabilize at the 64500 position; only then is there hope to push for new highs. The overall trend hasn't turned bad, and the EMA moving average system is in a tangled state, indicating that the short-term direction is unclear, but the EMA120 below forms strong support and the bullish pattern remains unchanged. The MACD indicator shows that the DIF and DEA indicate weakening upward momentum, with price moving between the middle line 64343 and the upper line 65117, and the narrowing channel signals an impending trend change. If the price can effectively break through the upper line with increased volume, then a new round of uptrend will begin; conversely, if it falls below the middle line, it may test the lower line 63569 for support.

  

  Short-term strategy reference:

  

  Going long at 63500-63000, stop loss at 62500, target at 64500 aiming for 65000.

  

  Going short at 67000-67500, stop loss at 68000, target at 66500 aiming for 65500.

  

  Ethereum

  

  Currently, Ethereum is priced at 1916. It previously surged to 1982 but did not hold, and now it is retracing to find support. Currently, there is pressure above and support below, like a sandwich cookie. The technical indicators suggest that the market is in a typical consolidation pattern. First, looking at the moving average system, the EMA7 and EMA30 are almost glued together, and the price is repeatedly moving between these two lines, indicating that short-term bullish and bearish forces are very balanced, with no clear one-sided trend. However, the EMA120 is around 1897, forming a strong dynamic support below; as long as it does not break this lifeline, the bullish structure still exists.

  

  Short-term point reference

  

  Going long at 1880, defending at 1830, stop loss at 1800, target at 1960 aiming for 2000.

  

  Going short at 1980, defending at 2010, stop loss at 2040, target at 1920 aiming for 1890.

  

  The above content is exclusively created by Liying, please indicate the source when reprinting! There may be delays in article publication review, and market conditions are volatile; the above suggestions are for reference only and at your own risk.

Warm reminder: The above content is solely created by the author on Weibo. The advertisements at the end and in the comment section are unrelated to the author, please discern carefully, thank you for reading.

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