Liying Chat Currency: 8.23 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Families! The current price of Bitcoin is 77000, and it's currently taking a slight breather, retracing to around 77000. Many friends who have just entered the market may feel a bit anxious, wondering if the rise has peaked? In fact, don't be afraid, this is typical horizontal digestion after a rapid increase. From a technical indicator perspective, there are clear adjustment signals in the market, but the trend is not bad. The short-term EMA shows selling pressure; however, the EMA30 yellow line is at 75033 and maintains a significant upward angle, which serves as strong mid-term support. The MACD indicator has formed a death cross at a high level with weakened momentum, entering a daily-level correction cycle. It has fallen from the middle track of 77047 to near the lower track, with the opening still facing upward, indicating increased volatility but the bullish arrangement remains unchanged. Overall, the indicators are in a healthy correction phase, and there are no top divergence signals indicating a trend reversal.

Short-term trading ideas reference:

For buying points at 75500-75000, stop loss at 500 points, target at 78000 aiming for 80000

For selling points at 79500-80000, stop loss at 500 points, target at 78500 aiming for 78000

Ethereum

Families, the current price of Ethereum is 2410, and it has entered a cooling period. The main force is washing out the weak chips, with the technical aspect currently at a high correction stage after strong upward movement. The moving average system still maintains a perfect bullish arrangement, indicating that the medium to long-term trend is still upward, and the short-term is just a retest to confirm support. The MACD indicator has shown a clear death cross down after a significant top divergence, the adjustment has not fully ended. The price has fallen below the middle track of 2421 and is testing the support at the lower track, the opening is still facing upward, but signs of tightening are evident. Overall, the indicators suggest further retracement to the 2350-2360 area in the short term, but this is the key defensive position for bulls.

Short-term points reference

For buying points at 2360, support at 2330, stop loss at 40 points, target at 2450 aiming for 2500

For selling points at 2450, support at 2470, stop loss at 40 points, target at 2350 aiming for 2300

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