Crypto Circle Li Ying: Bitcoin at 71,000 withstands short-term fluctuations, a breakthrough will surely lead to a surge! Ethereum's 'entanglement' trap, waiting for a breakthrough to achieve legend! Latest market analysis
Current Bitcoin price is 107,550. Li Ying has observed that the market trend has been fluctuating after a strong rise in late June, currently located near the middle band of the Bollinger Bands. The momentum is weakening, and the short-term direction is unclear. Therefore, Li Ying believes that in the short term, market sentiment is tending towards neutrality. Technical indicators are showing strong consolidation signals, but from the candlestick patterns and MACD indicators, there is a slight bearish momentum. The price may fluctuate between the upper band of 108,600 and the lower band of 106,800 in the short term, and the probability of a directional breakout needs to pay attention to external or overall market driving factors. Finally, Li Ying suggests trying to go long near the lower band at 106,800 with a light position, setting a stop loss below the key support level of 106,000; meanwhile, gradually take profits or reverse to short near the upper band at 108,600, with a stop loss set above 109,000.
Today's reference points:
Long entry point 106,500, defense 106,000, stop loss 500 points, target 108,000
Short entry point 108,500, defense 109,000, stop loss 500 points, target 106,500
Ethereum
Before publication, the current price of Ethereum is 2,475. The market trend is similar to Li Ying's prediction, and it is still showing a fluctuating pattern. The price is narrowly fluctuating within the range of 2,400 and 2,500, overall in a stage of direction selection. The moving average system is entangled, and the MACD indicator shows that the bearish momentum is slightly weakening but lacks strength. The narrowing of the Bollinger Bands further confirms the market's consolidation situation. The RSI indicator is in the neutral zone, reflecting stable market sentiment, with no obvious overbought or oversold signals. Therefore, Li Ying believes that in the short term, the price will continue to fluctuate around the middle band of the Bollinger Bands, with the possibility of repeated testing up and down. Finally, Li Ying suggests being cautious in operations. It is advisable to moderately sell high and buy low within the fluctuation range; if there is a breakthrough or a breakdown of the aforementioned range, consider following the directional operation; if the price continues to consolidate sideways, it is recommended to wait and observe for trend release signals.
Short-term thought reference:
Long entry point 2,410, defense 2,380, stop loss 30 points, target 2,470
Short entry point 2,480, defense 2,515, stop loss 30 points, target 2,430
The above is a brief analysis by Li Ying regarding the current market situation for investors' reference