6.7 Cryptocurrency Liying: Bitcoin Short-term Surge! Rises to 105,500, Ethereum Shows 'Three White Soldiers' Pattern, Short-term Rebound Imminent!
Current Bitcoin price is 105,000, the bottoming out at 100,000 has ended and a correction has begun. Currently, there is a rebound in the market. From a short-term perspective, after a continuous decline, Liying has recently formed a clear rebound trend. Based on trading volume, candlestick patterns, and MACD indicators, bullish momentum has strengthened, but the price is still constrained by the downward trend line and has not effectively broken through. If it can stabilize above MA30 with effective volume in the short term, the rebound trend may continue; otherwise, it may retest the support level at 100,000 or even lower. Therefore, Liying suggests that aggressive traders can participate in the rebound with a small position, but it is recommended to gradually reduce positions near key resistance levels. The stop-loss level is at 100,000; conservative traders are advised to patiently wait for the price to break through and stabilize above the resistance level before adding to their positions to follow the upward trend; or wait for the price to retrace to the support level near 100,000, observe the volume and rebound strength, and then look for buying opportunities.
Reference:
Long Entry Point 104,000, Stop Loss 103,500, Stop Loss 500 points, Target 105,500
Short Entry Point 107,500, Stop Loss 108,500, Stop Loss 500 points, Target 105,000
Ethereum
Before the publication, Ethereum's current price is 2,505. Liying has observed that the market is still receiving support near the lower boundary of the downward channel and shows signs of a short-term rebound. From a short-term perspective, it is rebounding at the lower boundary of the downward channel, accompanied by increased recent trading volume, the MACD forming a golden cross, and the candlestick pattern of 'Three White Soldiers', indicating that the main force is attempting a short-term counterattack, with the possibility of further probing the upper boundary of the channel. However, the strength of the rebound may be constrained by the mid-term moving averages and the overall bearish trend, limiting short-term gains. From a mid-term perspective, Liying notes that the price is still within the downward channel, and the overall moving average system is in a bearish arrangement, indicating that the downward trend has not changed. Therefore, Liying suggests that short-term traders can attempt to follow long positions with a small position up to the upper boundary of the downward channel and near the 2,600 resistance level.
Reference:
Long Entry Point 2,430, Stop Loss 2,380, Stop Loss 30 points, Target 2,550
Short Entry Point 2,600, Stop Loss 2,650, Stop Loss 30 points, Target 2,500
Brief analysis for investors' reference $BTC