Crypto Circle Li Ying: An unprecedented 'slow knife cutting meat' is unfolding on June 30! Latest market analysis of Bitcoin and Ethereum
Current price of Bitcoin is 107750, with the market trend oscillating upward, but there are signs of stagnation recently. I believe everyone can see this just like Li Ying, so from a short-term perspective, based on the current K-line shape with a top distribution pattern and weakening MACD momentum bars, along with low trading volume, there is short-term market pullback pressure. If the price breaks below the MA7 support level of 107750, it may continue to test the support at 107300 or the lower Bollinger Band at 106800. Finally, Li Ying advises everyone to temporarily choose to observe, focusing on whether the price effectively breaks below the 107750 support or breaks above 108150 with increased trading volume. If it breaks the upper resistance, you can enter long positions; otherwise, you still need to be cautious. If subsequent trading volume continues to be low, it may enter a weak pattern, and timely stop-loss measures should be taken to prevent risk. Li Ying reminds everyone that safety comes first.
Today's Li Ying point prediction
Long entry point 106500, add to long at 106000, stop 500 points, target 108000
Short entry point 109000, add to short at 110000, stop 500 points, target 106500
Ethereum analysis
Current price of Ethereum is 2435. Li Ying finds that Ethereum is currently trading sideways around 2440 with no obvious trend direction. Therefore, from a short-term perspective, the market is in a narrow oscillation and consolidation phase, with prices moving around the moving averages and the middle line. Neither side has formed an advantage, and the market may be waiting for external impetus to confirm the trend direction. Finally, Li Ying suggests maintaining a wait-and-see approach during the current oscillation phase, avoiding frequent trading within the range. If the price effectively breaks above the upper Bollinger Band at 2455 or below the lower band at 2430, consider following the trend for operations. In addition, pay attention to changes in trading volume and MACD momentum indicators. Once an increment signal or signs of trend strengthening appear, you can choose to follow the mainstream direction for operations. Short-term investors can focus on the support near 2440 and resistance at 2450 for range strategy arbitrage.
Latest point reference
Long entry point 2400, add to long at 2370, stop 30 points, target 2460
Short entry point 2480, add to short at 2510, stop 30 points, target 2400
The above analysis by Li Ying is based on market data and trend analysis of the market and does not constitute investment advice. For reference only.