Crypto Circle Li Ying: 6.28 Bitcoin high-level fluctuations, the calm before the storm or the prelude to a crash? Ethereum narrow fluctuations, in fact, it's a 'frog in boiling water'! Latest market analysis
Current price of Bitcoin is 107150, the high-level fluctuation area is as predicted by Li Ying, market momentum is starting to weaken, showing overall consolidation signs, so in the short term, Li Ying believes the market may maintain a fluctuating consolidation trend, prices may attempt to break resistance, but if the upward attack fails, there is a risk of decline. Pay attention to the key resistance level of 108950, if the breakthrough is weak, the possibility of falling below the support level of 106666 increases. Finally, Li Ying suggests: the current market enters a phase of fluctuating adjustment, and short-term cautious operation is recommended. If the price breaks through the resistance with increased trading volume, a light position can follow the upward trend; if the price falls below the key support level, one should cautiously avoid downward risks and consider shorting with a light position. Conservative investors may wait for a clearer market trend before entering.
Today's Li Ying point forecast
Long entry point 106500, add to long at 106000, stop at 500 points, target 107500
Short entry point 108000, add to short at 108500, stop at 500 points, target 106500
Ethereum analysis
Current price of Ethereum is 2435, Li Ying finds that after experiencing a rebound, the main force is currently in a stage of fluctuating consolidation, with prices weakly fluctuating around the mid-track line. In the short term, the market direction is unclear, Li Ying believes the market may continue to maintain a narrow fluctuation pattern, waiting for further breakout signals. Based on the TD indicator's 9 signal, shrinking trading volume, and the shortening of the MACD red bars, the short-term price upward momentum may be suppressed, increasing the probability of adjustment or consolidation. Finally, Li Ying suggests taking a cautious attitude within the current fluctuation range and paying attention to the breakout conditions of key points. Before the price clearly chooses a direction, light positions or short-term trading strategies can be adopted, with strict stop-loss settings; if the price breaks through key points, one can participate in the trend to gain short-term breakout profits.
Reference points
Long entry point 2380, add to long at 2350, stop at 30 points, target 2500
Short entry point 2500, add to short at 2530, stop at 30 points, target 2400
The above analysis by Li Ying is based on market data and trend analysis of the order book, and does not constitute investment advice. For family reference $BTC