Coin Circle Liying: What are the huge risks hidden behind the short-term long positions of Bitcoin on July 3? The tug-of-war of Ethereum is fierce, waiting for the key breakthrough moment! Latest market analysis
Bitcoin is currently priced at 108,300. Liying judges that the current market is in a fluctuating upward trend, with strong fluctuations and obvious bullish sentiment. Therefore, in the short term, Liying believes that the price is near the upper track of the Bollinger Band, and the trend is strong, but the RSI shows signs of overbought, and there is pressure for a correction. It may continue to rise in the short term, but it is necessary to be vigilant about fluctuations or adjustments near the key resistance level. Finally, Liying recommends a short-term bullish trend, and light positions can be used to chase the rise, but it is necessary to pay close attention to the breakthrough of the key resistance level of 109,000. If the price breaks through the resistance and stands firm, you can consider increasing your long position. If the price is blocked on the upper track and then falls back, you need to pay attention to the support of the middle track of the Bollinger Band for a long layout. In the short term, you need to pay attention to the risk of overbought and avoid heavy positions. Conservative investors can wait and see before entering the market after adjustments.
Today's position reference:
Long point 106,500, defense 106,000, stop loss 500 points, target 108,500
Short point 109,000, defense 109,500, stop loss 500 points, target 107,000
Latest Ethereum market analysis
Before the release of the article, the current price of Ethereum was 2495. Liying observed that the current market volume was sluggish and the market participation was limited. The overall trend is slow, and the price is close to the upper edge of the shock range. There is potential for an upward breakthrough. Therefore, in the short term, with the strengthening of the MACD golden cross and the red kinetic energy column, and the RSI gradually entering the overbought area, the market short-term bullish sentiment dominates, and the price may further test the key resistance level of 2500. However, the overbought state may cause a certain amount of callback pressure. It is necessary to pay attention to whether it can stand firmly at the 2500 line. Finally, Liying recommends waiting for 2500 to consider entering the market, and confirm the direction selection before following the trend. Before the breakthrough, the internal trading of the shock range needs to pay attention to the high-selling and low-buying strategy, and do not operate with heavy positions to prevent the potential risk of callback after overbought
Short-term ideas reference:
Go long at 2440, defend at 2410, stop loss at 30 points, target at 2500
Short at 2500, defend at 2530, stop loss at 30 points, target at 2430
The above is a brief analysis of the current market situation by Liying for investors’ reference