Crypto Circle Li Ying: 6.5 Trend is Upward but Caution is Necessary! Prevent Risks! No Break, No Stand! Latest Market Analysis of Bitcoin and Ethereum
Bitcoin current price 105500, Li Ying's entry at 104500 accurately retested, congratulations to everyone on the current space as of the time of writing, the market remains in an oscillating state. The MACD and MA indicators both indicate a certain upward probing in the short-term market, but the momentum is relatively weak. Resistance level 106000 and support level 104000 are the key points that need to be closely monitored currently. Therefore, from Li Ying's short-term perspective, the market lacks clear direction and is overall in a fluctuating pattern. With the bullish momentum gradually weakening and the lack of sustained volume expansion, the probability of price moving sideways is high. Li Ying suggests mainly observing and patiently waiting for direction confirmation: the short-term trend is not clear enough, and indicators like MACD and trading volume show that bulls and bears are still in a stalemate, so it is not advisable to enter blindly at this time. Investors are advised to continue observing and focus on whether the price effectively breaks through the resistance level of 106000 or falls below the support level of 104000 before making operational decisions.
Reference:
Long entry point 104500, stop loss 104000, stop loss 500 points, target 106000
Short entry point 107000, stop loss 108000, stop loss 500 points, target 105000
Ethereum
Before writing, Ethereum's current price is 2565, the upward trend is quite obvious, so Li Ying won't elaborate further as everyone can see. Currently stabilizing above 2600, there is some upward momentum. From Li Ying's short-term perspective, although the overall trend is upward, the appearance of a top formation and recent green columns indicates that the risk of a pullback is starting to accumulate. Near the short-term resistance level of 2700, it may encounter strong pressure, and it is expected that the probability of oscillation in the short term is high, likely leading to a slight pullback. However, the support level around 2588 will still play an important role, so Li Ying suggests that friends in the crypto community remain cautious and wait for the price to reach the support level or confirm a retest before taking action. Consider swing trading; friends with positions should pay attention to controlling their positions to prevent risks brought by short-term adjustments, and set profit and stop-loss strictly near key points.
Reference:
Long entry point 2550, stop loss 2500, stop loss 30 points, target 2600
Short entry point 2700, stop loss 2750, stop loss 30 points, target 2550
Brief analysis for investor reference
