Coin Circle Liying: On June 29, Bitcoin is in a volatile consolidation. Is it a bull trap or a bear opportunity? The Ethereum market has turbulent undercurrents beneath a 'calm' surface, do you dare to believe it? Latest market analysis
Current Bitcoin price is 107,300. Liying finds that the market is maintaining high-level operation after volatile consolidation, showing signs of weakening upward momentum. Therefore, Liying believes that in the short term, the market is in a phase of volatile consolidation, and the trend direction has not yet become clear. If it breaks through the key resistance level of 110,500 later, it may continue to rise; conversely, if it falls below the middle line of the Bollinger Bands or the support level of 98,200, it may trigger a deeper pullback. Finally, Liying suggests that friends who already have positions may consider gradually reducing their positions to lock in profits, waiting for the market direction to become clear before making further operations. Friends who have not yet entered the market should observe and wait for prices to break through resistance or to dip and stabilize at key support levels before trading. After breaking through resistance, one can attempt to chase long positions; if it pulls back to support and stabilizes, one can attempt to layout for a rebound with light positions.
Today's Liying Point Predictions
Long entry point 106,000, add long at 105,600, stop loss 500 points, target 108,000
Short entry point 109,000, add short at 110,000, stop loss 500 points, target 106,500
Ethereum Analysis
Current Ethereum price is 2,430. Liying finds that the current market trend is volatile and maintains near key moving averages. The current market sentiment is relatively neutral, and there is a possibility of directional choice in the short term. Therefore, Liying believes that in the short term, the trend is mainly volatile, but the narrowing of the Bollinger Bands channel indicates that a directional breakout is imminent. Finally, Liying suggests: before breaking through the key upper or lower points of 2,400 or 2,455 resistance levels, adopt a wait-and-see strategy to avoid entering the market too early. If the price shows a directional breakout accompanied by increased trading volume, one can operate accordingly, for example, considering a moderate long position if it breaks through 2,455 with increased volume; if it falls below 2,402 with increased volume, one may consider a short position in the short term.
Latest Point References
Long entry point 2,400, add at 2,380, stop loss 30 points, target 2,460
Short entry point 2,450, add at 2,470, stop loss 30 points, target 2,400
The above analysis is based on market data and trend analysis from Liying and does not constitute investment advice. For family members' reference