Crypto Market Li Ying: 7.28 Bitcoin 'Red Three Soldiers' Reappears! Ethereum 'High Position Realization', Lock in 'Substantial Profits'!
Current Bitcoin price is 118450, Li Ying judges that the current market shows a fluctuating upward trend, with prices steadily standing above the EMA short and medium-term support. Bullish strength is gradually increasing, and the K-line forms a 'Red Three Soldiers' pattern, approaching the upper Bollinger Band. The overall market is biased towards a bullish environment. Therefore, from a short-term perspective, Li Ying believes that the market may maintain an upward trend and attempt to break through the resistance level of 118620. However, as the RSI short cycle is close to the overbought area and the MACD rebound pattern has not yet been fully established, it cannot be ruled out that prices may experience some pullback or fluctuation in the short term. Finally, Li Ying suggests: the current market atmosphere is quite strong for bulls, consider slightly increasing positions after the price breaks through the key resistance level of 118620, while paying attention to whether it breaks through the previous high of 121000. If it fails to break the upper resistance, it is recommended to set strict stop-loss points and wait for further confirmation of market trends. Long-term investors can continue to hold, paying attention to price direction and trend stability.
Price Prediction
Long Entry Point 118,000, Add Long at 117,500, Stop Loss 500 points, Target 119,500
Short Entry Point 119,500, Add Short at 120,500, Stop Loss 500 points, Target 118,000
Ethereum
Current Ethereum price is 3820, Li Ying notices that Ethereum price has rebounded from the low point of 3500 and is repeatedly testing high points. Currently, the short cycle is above EMA7, and the price is gradually approaching the upper Bollinger Band, overall exhibiting a short-term upward trend. Therefore, Li Ying believes that in the short term, based on K-lines and indicator signals, market momentum has not been completely exhausted, but potential pressure is gradually emerging. The price may be suppressed near the resistance area, and may enter a consolidation phase in the short term. From a medium-term perspective, the trend remains strong, but attention should be paid to the signals of the MACD red bars shortening and momentum weakening. In the long term, the trend has not been damaged and is currently in a rising main tone. Finally, Li Ying suggests that short-term bullish friends can take profits in batches and pay attention to the price's performance in the resistance area. If the price successfully breaks through the aforementioned resistance, consider lightly chasing long positions; if it is blocked and falls back, then be alert to possible short-term adjustments.
Price Reference
Long Entry Point 3750, Add at 3700, Stop Loss 30 points, Target 3850
Short Entry Point 3850, Add Short at 3900, Stop Loss 30 points, Target 3750