Coin Circle Li Ying: Is there a signal of a sharp drop in Bitcoin and Ethereum on May 24? How can we avoid being harvested? Latest market analysis
Coin Circle Li Ying: Latest market analysis of Bitcoin on May 24
Article published on 2025.5.24----0:10
Current price of Bitcoin is 110,000, Li Ying is temporarily not looking at long-term indicators, based on short-term analysis for reference, first of all, the overall market has retreated from a high position, the key resistance level of 112,000 may face pressure for a short-term trend correction. Due to the MA7 crossing above MA30 slowing down, and the MACD showing insufficient momentum, Li Ying believes that the main force will continue to probe lower support levels, so Li Ying recommends that investors remain cautious during this phase. The market price may continue to test the lower support near the 100,000 mark in the short term. Additionally, the K-line gyroscope pattern has appeared recently, with the dark cloud cover at a high position indicating a possible decline, and the doji star at a major turning point suggesting a trend reversal or consolidation. Therefore, Li Ying assesses that the main force will either consolidate at a high level or adjust downwards, so the short-term strategy should focus mainly on short positions, with long positions as a supplement.
Today's price reference:
Long position entry at 105,500, stop loss at 104,500, stop loss of 500 points, target 109,000
Short position entry at 110,500, stop loss at 111,000, stop loss of 500 points, target 107,000
Latest market analysis of Ethereum
Before publication, the current price of Ethereum is 2,570. Li Ying found that the moving average systems have started to converge in the short term, and the MACD shows a dead cross trend. Therefore, Li Ying suggests that the current market lacks clear upward momentum in the short term. It is recommended that cryptocurrency friends pay attention to MA30; if it breaks below, consider reducing positions or adjusting strategies to avoid potential risks. Technically, the K-line patterns of gyroscopes, dark cloud cover, and doji stars have appeared near key high points, which may suggest a trend reversal or continuation of consolidation. The likelihood of continued bearish sentiment is increasing; if the pullback does not break the resistance level, consider going short, and temporarily wait to see if there is another bottoming before considering whether to go long.
Short-term strategy reference:
Long position entry at 2,500, stop loss at 2,450, stop loss of 30 points, target 2,650
Short position entry at 2,650, stop loss at 2,700, stop loss of 30 points, target 2,500
The above is Li Ying's brief analysis of the current market situation for investor reference $BTC