Coin Circle Li Ying: 7.31 Bitcoin 'Low Volatility' Trap, How Can Retail Investors Break the Deadlock? Ethereum 'Weak Consolidation', Short-Term Direction Unclear!
Current Bitcoin price 117900, Li Ying judges that Bitcoin is still in a state of oscillation and consolidation, with low volatility. Various technical indicators show that the short-term market direction is not strong, and momentum is relatively balanced. The characteristics of a contracting Bollinger Band, neutral RSI indicator, and a conjoined moving average system further support that the market is currently in a low volatility environment. Therefore, Li Ying believes that in the short term, the price may continue to operate within the oscillation range. The upper resistance level is around 118792, and the lower support level is around 117610. A breakthrough may require a significant external driving force or an increase in trading volume. Finally, Li Ying suggests that the current market lacks a clear trend, and operations should be cautious, mainly focusing on range trading. Short-term investors can look for buying and selling opportunities near key resistance and support levels, and can follow the trend after a breakout; medium to long-term investors should observe and wait for the market to clarify its direction before making arrangements. Also, pay close attention to news and changes in trading volume to prevent risks from unexpected fluctuations.
Point Prediction
Long entry point 116000, add long at 115000, stop at 500 points, target 119000
Short entry point 119000, add short at 120000, stop at 500 points, target 117500
Ethereum
Current Ethereum price 3790, Li Ying finds that the main force is currently oscillating near the middle track of the Bollinger Band, with short-term long and short forces balanced, and the trend is unclear, overall showing weak consolidation. Therefore, Li Ying believes that in the short term, the K-line trend has shown a belt hold pattern, combined with a bottom division signal, suggesting that a rebound may occur in the short term, but the trend's continuity remains to be confirmed. MACD shows a stalemate between long and short forces, with limited market momentum. Short-term rebounds may be hindered by EMA(7) and the upper track of the Bollinger Band. The RSI indicator shows a slight increase in short-term buying power, but the market overall is still in a state of supply and demand equilibrium, with narrow oscillation in the Bollinger Band and low volatility, limiting the probability of a breakout. Finally, Li Ying suggests observing at the current price level and attempting to accumulate small amounts near the lower track of the Bollinger Band, with a stop loss set below 3725, patiently waiting for opportunities after the trend reversal.
Point Reference
Long at 3700, add at 3650, stop at 30, target 3850
Short at 3900, add at 3950, stop at 30, target 3750
For reference only, risk is self-borne $BTC