Crypto Circle Liying: 4.29 Bitcoin Range Trading Secrets, Even Beginners Can Easily Profit! Will the Ethereum Bears Prevail Against the Bulls? Latest Market Analysis
Crypto Circle Liying: Latest Market Analysis for Bitcoin on 4.29
Article Release Time: 2025.4.29—01:00
Current Bitcoin Price: 94000. Yesterday's article from Liying once again validated the strategy given, with a drop from 95000 to 94000. Although the range is not large, in a volatile market, this range is relatively acceptable. There is no rush to chase long positions as the bottom support has not stabilized yet. Currently, the market K-line is fluctuating around 94000, forming a relatively obvious fluctuation range. The daily chart shows multiple upper shadow lines, and Liying judges that the pressure above is considerable. The 4-hour MACD shows a weakening of short-term downward momentum, and the short position has not yet completed. The EMA short-term trend is unclear, while the medium to long-term still maintains an upward trend. Liying maintains a low-long strategy and does not consider shorting for now, focusing mainly on long positions.
Today's Liying Point Prediction
Long Position Entry: 93000, 92000 to add long, stop loss 500 points, target 95000
Short Position Entry: 95000, 96000 to add short, stop loss 500 points, target 94000
Ethereum Analysis
Current Ethereum Price: 1760. Before the release, it briefly hit 1750, but the short position is evidently strong, so there’s no rush to enter. Ethereum is struggling to move upward, but there is strong downward momentum which needs attention. Currently, the market K-line pattern shows a downward trend, with prices retreating from high levels. Multiple long upper shadow lines indicate heavy selling pressure above. The technical indicator MACD has formed a death cross and may continue to adjust in the short term. EMA7 has dropped below EMA30 and is gradually approaching EMA120. Liying assesses that the short-term trend is weakening, coupled with insufficient bullish momentum, it is very likely that the main force will break the previous low again. Therefore, there’s no rush to enter long positions; it’s better to wait for the market trend to develop further.
Today's Latest Point Reference
Long Position Entry: 1700, add to 1680, stop loss 30 points, target 1800
Short Position Entry: 1800, add to 1820, stop loss 30 points, target 1720
The above analysis by Liying is based on market data and trend analysis of the order book and does not constitute investment advice. For reference only for family members. $BTC