Li Ying Chat Currency: 8.30 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Family! The current price of Bitcoin is 77800, and the recent pullback clearly tells us that it is quite lonely at the top. The technical indicators currently favor caution. In the EMA moving average system, the short-term EMA7 has crossed below the mid-term EMA30, forming a death cross, and the price is running below the EMA30, indicating that the short-term upward momentum is exhausted and bearish strength is increasing; the MACD indicator shows that both DIF and DEA are below the zero axis and continue to decline, indicating that the downward trend has not ended. The price has broken below the middle line at 78382 and is testing the lower support at 76414. If it effectively breaks below the lower line, it may open a new round of decline; conversely, if it stabilizes and rebounds at the lower line, it may return to oscillate above the middle line. Overall, the technical aspect is bearish, but signs of overselling are showing; caution is needed for rebound traps.

Short-term trading ideas reference:

For buying points 77000-76500, stop loss 500 points, target 78500 aiming at 79500

For selling points 79500-80500, stop loss 500 points, target 78500 aiming at 77500

Ethereum

Family, the current price of Ethereum is 2444, it has risen a lot, so take a breather. It is now clearly in a stage of fluctuating pullback. Neither up nor down, according to technical indicators, the EMA moving average system shows that the short-term EMA7 has crossed below the mid-term EMA30, forming a death cross suppression, but the long-term EMA120 is still diverging upwards, indicating that the mid to long-term trend is not bad. The middle line of the Bollinger Bands at 2459 is currently the resistance level, while the lower line at 2400 is strong support. The price is running between the middle and lower lines, which constitutes a weak consolidation pattern. Overall, the market is in a balance state with pressure above and support below, waiting for a direction to choose.

Short-term price point reference:

For buying points 2430, defend 2400, stop loss 40 points, target 2470 aiming at 2520

For selling points 2490, defend 2520, stop loss 40 points, target 2460 aiming at 2420

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