Liying Crypto Talk: 9.3 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis
Everyone! Bitcoin is currently priced at 76,800, and has clearly entered a resting phase. It's like someone who has just finished a marathon and needs water and to catch their breath—this recent consolidation is the market digesting previous profits. Technically, the price is in a classic converging pattern with resistance above and support below. Moving averages have formed a short-term death cross, indicating that bears are currently dominant in the short term, and there is strong resistance above 77,000. The MACD indicator shows both lines running below the zero axis, suggesting that downward momentum is weakening, but a golden cross has yet to form, so there is no confirmed reversal signal. As for the Bollinger Bands, the bands are narrowing, and the price is hugging the lower band while attempting to return to the middle band at 77,634—this is often a sign that a big move is coming. Overall, the market is waiting to pick a direction, and the current sideways movement is a period of accumulation.
Short-term strategies for reference:
Go long around 76,000–75,500, stop loss 500 points, target 77,500 aiming for 78,500
Go short around 77,500–78,000, stop loss 500 points, target 77,000 aiming for 76,500
Ethereum
Everyone, Ethereum is now at 2,390 and has slipped again—it's like a deflated ball, lingering around the moving averages. The current market feels uninspiring, not quite worth discarding, but not appetizing either. Technically, the EMA system is weakening; price has already fallen below the EMA7 and EMA30, now suppressed under the short-term moving averages, indicating a bearish bias in the short term. The MACD DIF and DEA lines are diverging downward, meaning the downward momentum has yet to be fully released. Bollinger Bands show that price is near the lower band around 2,364, which offers some support, but the middle band at 2,427 has now become strong resistance. Overall, the indicators are resonating bearish, and while a small rebound might occur near the lower band, the general trend remains downward for now.
Short-term reference points
Go long at 2,360, defense at 2,350, stop loss 40 points, target 2,390 aiming for 2,400
Go short at 2,410, defense at 2,420, stop loss 40 points, target 2,360 aiming for 2,340
The above content is original by Liying. Please indicate the source when reprinting! There may be a delay in article review; the market is constantly changing, so these suggestions are for reference only and you assume your own risk.
