Crypto Circle Li Ying: 6.13 Bitcoin bottom reversal weak, are bulls trapped? Ethereum top reversal curse! Bears attack, a collapse is imminent? Latest market analysis
Current price of Bitcoin is 109900, Li Ying finds that the market is showing a continuation of the downward trend in the short term, with multiple indicators such as trading volume and MACD indicating that bearish forces dominate. Although the bottom reversal suggests a possible rebound opportunity, the rebound momentum is weak, and caution is advised. Therefore, Li Ying recommends prioritizing risk avoidance, considering to wait and observe or to cautiously engage in light short positions. If the price breaks through key resistance levels, the trend direction can be reassessed; if the price drops below the support level of 106000, the bearish trend may deepen further, and one can increase positions in line with the trend. For short-term traders, attention can be paid to the rebound opportunity from the bottom reversal for short-term long positions, but timely profit-taking and stop-loss actions are necessary.
Forecast
Long entry point at 106500, add long at 106000, stop at 500 points, target 109500
Short entry point at 109000, add short at 109500, stop at 500 points, target 107500
Ethereum Analysis
Current price of Ethereum is 2715, currently affected by the top reversal and bearish engulfing pattern, along with MACD and TD indicators both showing that bearish forces dominate, the market remains biased towards oscillating downwards in the short term. However, the bottom reversal and the appearance of the TD sequence “9” signal suggest that the downward momentum is gradually weakening, and there may be an over-sold rebound phenomenon in the short term. The strength and sustainability of the rebound still need to be observed through subsequent momentum indicators and K-line patterns, so Li Ying advises crypto friends to pay attention to recent high sell low buy opportunities within the oscillating range, relying on the support at 2730 and resistance at 2775 for short-term operations, strictly executing profit-taking and stop-loss strategies to avoid emotional trading. The current market is highly volatile and signals are complex, suggesting light position operations, waiting for the trend to clarify. Comprehensive analysis indicates that the recent market is under clear pressure, with a bearish bias in the short-term trend, but the downward momentum is gradually weakening, and mid-term stabilization and rebound need more signals for confirmation. Risk control is the primary task; do not blindly chase highs and sell lows.
Reference
Long entry point at 2710, add at 2670, stop at 30 points, target 2850
Short entry point at 2780, add at 2830, stop at 30 points, target 2700
The above analysis is recommended by Li Ying. For family reference