Crypto Circle Liying: 5.20 Strong Bullish and Bearish Lines, Can Bitcoin and Ethereum Break Previous Highs Again? Latest Market Analysis
Current price of Bitcoin is 104800, after a wave of liquidation breaking previous highs, Liying is no exception; the longs around 104000 were finally swept out. There is no such thing as a constant winner; Liying acknowledges mistakes, adjusts mindset, and sets off again. Looking at the current market, in the short term, the market shows signs of consolidation and has potential for further upward movement. The candlestick patterns indicate significant bullish and bearish battles recently, so Liying suggests maintaining a cautiously optimistic attitude, suitable for a buy-on-dips strategy. Pay attention to the performance of key support and resistance levels, trade lightly with quick entries and exits. From a technical perspective, the candlestick patterns of strong bullish and bearish lines show considerable unilateral strength, while top patterns such as shooting stars and hammer lines indicate market contention. This type of market, which is prone to rapid rises and falls, provides greater operational space.
Today's reference points:
Long entry point 102500, stop loss 102000, stop loss 500 points, target 105000
Short entry point 107000, stop loss 107500, stop loss 500 points, target 104500
Latest Ethereum Market Analysis
Before publication, Ethereum's current price is 2460. The depth of Ethereum's correction is sufficient to start a rebound phase again, and upward momentum is beginning to show. Liying assesses the market direction as relatively positive, with signals such as MA7 crossing above MA30 forming a golden cross, RSI entering a neutral to strong area, and MACD golden cross indicating that the short-term market may welcome an uptrend. Trading volume also shows increased market activity, supporting price increases. Therefore, Liying suggests focusing on the resistance level of 2740 to confirm a stronger upward trend. Flexibly manage positions and quickly adjust based on market trends. Be cautious of possible market fluctuations, and avoid being overly aggressive; the bullish trend from a technical perspective is already very clear, and there is no need for further commentary. The main strategy remains bullish unless the previous high is breached, in which case shorts will not be considered.
Short-term strategy reference:
Long entry point 2400, stop loss 2350, stop loss 30 points, target 2550
Short entry point 2740, stop loss 2770, stop loss 30 points, target 2550
Liying's brief analysis for investor reference $BTC