Li Ying in the Crypto World: Bitcoin Stagnates at Low Levels on June 20, Is There a Hidden Danger in the Volatile Market? Ethereum is Stuck in a Quagmire! With weak fluctuations, how can investors save themselves? Latest market analysis
The current price of Bitcoin is 104,150. Li Ying has found that the overall price is currently operating at a low level, with both the Bollinger Bands and moving average indicators showing a weak fluctuation state. Therefore, Li Ying believes that in the short term, the price may continue to maintain a low-level fluctuation trend, but attention should be paid to the possibility of a further downward breakthrough of the support level at 104,000. If signs of increased trading volume appear, and the MACD green bars extend or the dead cross expands, the downward trend may continue; if bullish strength rebounds, the price may be pressured near the resistance level of 104,700 before falling again. Therefore, Li Ying recommends a cautious approach to operations. If the price breaks through and stabilizes above 104,700, consider a light position for exploratory buying while strictly controlling risks, setting a stop-loss to avoid losses caused by range fluctuations. For patient investors, observe the subsequent price reaction to key points and wait for a clear trend before taking action.
Point Prediction
Long Entry Point 102,000, Add Long at 101,000, Stop 500 Points, Target 105,000
Short Entry Point 106,000, Add Short at 107,000, Stop 500 Points, Target 104,000
Ethereum Analysis
The current price of Ethereum is 2,500. Li Ying observes that overall, after experiencing an initial high of 2,680, the price is currently in a correction phase and has formed a clear downward trend, accompanied by an increase in bearish momentum. The price is near a recent low of 2,450 and may continue to test the support level in the short term. Therefore, Li Ying believes that in the short term, the price shows a weak fluctuation trend, with bears dominating. Technical indicators suggest that the market may further probe the previous low of 2,450, and it could even fall below it, initiating a new round of downward movement. Additionally, market sentiment is cautious, trading volume is shrinking, and it may remain in a volatile consolidation in the short term. Ultimately, Li Ying suggests attempting to set up light short-term long positions near the support level, closely monitoring the strength of price rebounds; if there are signals of breaking below the support, stop-loss and consider shorting.
Point Reference
Long Entry Point 2,450, Add at 2,400, Stop 30 Points, Target 2,600
Short Entry Point 2,550, Add at 2,600, Stop 30 Points, Target 2,450
Li Ying provides trend analysis based on market data and order book for family members' reference