Coin Circle Li Ying: Bitcoin 117000 encounters fluctuations on July 12! Is it a pullback or a new high? Ethereum fluctuates at 2955 high! Short-term adjustments are unstoppable! Latest market analysis
Article published on 2025.7.12------00:10
Current price of Bitcoin is 116850. Li Ying has observed that the big coin has entered a high-level fluctuation state after a rapid rise, but multiple indicators show signs of momentum weakening. Therefore, from a short-term perspective, Li Ying sees the price stagnating, and top divergence and momentum indicators are beginning to show pullback signals, suggesting a possible entry into a fluctuation or adjustment phase. Finally, Li Ying advises: if you have positions, consider partially reducing positions or gradually taking profits to prevent pullback risks; for investors with no positions, it is recommended to wait until the price falls back to key support levels before looking for buying opportunities. For those with a high-risk tolerance, if the current price can continue to hold above MA7 and has not broken below key support levels, moderate buying on dips may be considered, but stop-loss measures should be set to avoid further downside risks.
Short-term trading reference:
Long entry point 114000, stop loss at 112000, stop loss 500 points, target 118000
Short entry point 118500, stop loss at 120000, stop loss 500 points, target 114500
Latest analysis of Ethereum market
Before publication, the current price of Ethereum is 2955. Li Ying has observed that Ethereum is fluctuating around 2960 and showing a volatile trend. Therefore, in the short term, Li Ying sees the market consolidating at high levels, hindered by key resistance at 3040, with a greater likelihood of a short-term adjustment. From a medium-term perspective, the price is still in an upward channel, with a bullish trend, but signs of weakened upward momentum are evident. Attention should be paid to the performance of the MA30 support level at 2820. Additionally, based on Li Ying's long-term observations, the long-term moving average MA120 is clearly trending upward, indicating that the overall market remains in a bullish environment. Finally, Li Ying suggests that if you are only considering short-term operations, observe whether the price effectively breaks below the MA7 support level at 2980. A strategy of reducing positions at high levels is recommended to avoid short-term adjustment risks. Medium-term investors can pay attention to how the price performs around the MA30 support. If the price pulls back to this level without breaking and strengthens, then consider buying on dips.
Short-term reference points:
Long entry point 2900, stop loss at 2850, stop loss 30 points, target 3030
Short entry point 3000, stop loss at 2050, stop loss 30 points, target 2900