Li Ying Chat Currency: 8.24 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Family! The current price of Bitcoin is 77200, which is typical of a rise that needs a pause. The previous surge was too aggressive, with too many profits being taken, and the main force is now repeatedly shaking at high levels to get rid of those uncertain retail investors. The 2-hour technical moving average still maintains a bullish arrangement diverging upwards, indicating that the medium to long-term trend is not bad, but short-term correction pressure is huge. After the MACD indicator formed a death cross, it continues to diverge downwards; although the red bearish energy bars have not increased significantly, they have been sustained, indicating that bullish momentum is waning, and the adjustment has not yet ended. In terms of the Bollinger Bands, the price is currently hovering around the middle track at 77135, which forms the first line of defense. If it effectively breaks below the middle track, the lower track at 76108 will become strong support. Overall, the indicators show that the short term is in a weak adjustment period.

Short-term strategy reference:

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

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

Ethereum

Family, the current price of Ethereum is 2440. Although it has dropped a bit from the highest point, the overall trend is still upwards. From a technical perspective, the EMA moving average system shows a typical bullish arrangement, with EMA7 as a short-term lifeline. The current price is steadily above it, and both EMA30 and EMA120 are diverging upwards, providing strong support. In terms of the MACD indicator, although the red bars are shortening, showing that the upward momentum is weakening, the fast and slow lines show signs of a death cross at high levels, but this is more about recovery after high-level dullness rather than a trend reversal. The middle track of the Bollinger Bands is around 2430; the current price is running above the middle track, with upper track pressure at 2494. This means that volatility is decreasing, and the turning point is approaching. As long as it does not effectively break below the middle track, the trend remains bullish.

Short-term point reference:

Buy at 2420, defend at 2390, stop loss 40 points, target 2500 aiming for 2550

Buy at 2550, defend at 2570, stop loss 40 points, target 2500 aiming for 2450

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