Crypto Circle Li Ying: Bitcoin on July 10 is poised for a breakout, directional breakthrough imminent! Ethereum is rising strongly, achieving new brilliance! Latest market analysis
Crypto Circle Li Ying: Latest market analysis of Bitcoin on July 10
Article published on 2025.7.10----00:10
Current price of Bitcoin: 108900. Li Ying observes that the current market is still maintaining a fluctuating upward pattern, with the price oscillating between the middle and upper bands of the Bollinger Bands. The overall market has a relatively balanced bullish and bearish force, but there is a possibility of directional choice in the short term. Therefore, Li Ying believes that the fluctuating pattern may continue in the short term. The narrowing of the Bollinger Bands indicates a decrease in volatility, and the price may face a directional breakthrough in the short term. Key attention should be paid to the resistance at the upper band and support at the middle band. If it breaks through the upper band with volume, it may reach the previous high point of 110000; if it breaks below the middle band, it may test the support level of 100500. Finally, Li Ying suggests maintaining a cautious attitude; if the resistance level is broken with volume, consider lightly entering long positions; if the support level is broken and weakness intensifies, consider lightly trying short positions.
Today's reference points:
Long entry point 108000, stop loss 107500, stop loss 500 points, target 110000
Short entry point 110000, stop loss 110500, stop loss 500 points, target 108500
Latest analysis of Ethereum
Before publication, the current price of Ethereum is 2650, and the trend is leaning towards an upward direction, which Li Ying believes everyone can see. K-line analysis shows that the price is under pressure from the upper band of the Bollinger Bands, while short-term upward momentum has weakened. In indicator analysis, MACD and RSI show strong bullish sentiment in the market, and the Bollinger Bands indicate a short-term expansion trend, but caution is needed regarding price fluctuations. In terms of moving averages, the short-term moving average has broken through the medium and long-term moving averages, further confirming the bullish trend. Li Ying's short-term judgment is that there is a possibility for the main force to continue rising, so Li Ying suggests considering light positions to chase long after breaking through the resistance level, while paying attention to flexible profit-taking and stop-loss strategies, and being alert to trend reversals, exiting promptly with stop-loss.
Short-term strategy reference:
Long entry point 2620, stop loss 2590, stop loss 30 points, target 2700
Short entry point 2680, stop loss 2710, stop loss 30 points, target 2600
The above is a brief analysis by Li Ying regarding the current market situation for investor reference. $BTC