In the cryptocurrency world, no matter which coin you are dealing with or trading in digital currencies, you cannot escape the fluctuations of the trading market. Watching those constantly rising and stopping curves can be dazzling, and even some investors tire themselves out just to keep an eye on the market. Therefore, having a digital asset manager is a common expectation of cryptocurrency investors. Under this expectation, Liying has arrived, offering you the best scientific analytical techniques and the highest quality guidance.
8.2 Bitcoin latest market analysis
The current price of Bitcoin is 115,300. Liying has discovered that the overall market is in a downward trend, continuously retreating from a high of 120,400, and recently showing some signs of stabilization around 115,000. Therefore, from a short-term perspective, based on K-line and technical indicator analysis, the overall market trend remains weak. Although RSI and MACD show some signs of rebound, the trend has not yet reversed. The market may maintain weak fluctuations, with the possibility of further testing the lower Bollinger Band support, while also being cautious of the risk of breaking below the support level of 113,850. Finally, Liying suggests that short-term traders reduce their positions and remain on the sidelines. If there are obvious signs of rebound, one can attempt to participate with a small position, but avoid being greedy. The main risk management for the main players shows significant volatility in the short term, so it is advisable to set a stop-loss level to cope with possible continued downward pressure.
Short-term strategy reference:
Long position at 114,500, with a stop at 114,000, stop-loss 500 points, target 118,000.
Short position at 118,500, with a stop at 119,000, stop-loss 500 points, target 116,500.
Ethereum latest market analysis
Before the release, the current price of Ethereum is 3,610. From a short-term perspective, Liying sees that Ethereum is overall in a downward trend, with the price fluctuating near the lower Bollinger Band. RSI is approaching the oversold area, but no significant rebound signal has yet appeared. MACD shows that bearish momentum has weakened, indicating a possible slight rebound. However, the overall trend still leans bearish. Finally, Liying suggests waiting for a clear rebound signal, paying attention to the price performance near the lower Bollinger Band, as well as the crossover situation of the MACD fast and slow lines. The support at 3,500 is a strong support level. If the price tests lower and stabilizes here, one can consider light speculative buying, waiting for confirmation of a rebound. Below this, one should be cautious of the risk of a larger drop. The current market is weak; do not chase high prices, pay attention to setting stop-loss levels, with a short-term stop-loss level below 3,560 to ensure risk control.
Short-term point reference:
Long position at 3,500, with a stop at 3,450, stop-loss 30 points, target 3,650.
Short position at 3,700, with a stop at 3,750, stop-loss 30 points, target 3,600.
Good tea is not afraid of tasting, technique is not afraid of detailed verification, the only thing that never lies in the world is time. A hundred empty words are not as good as one action. Precise strategies are not as good as one execution. The most frightening thing in the market is not the lack of trends, not the lack of opportunities, but confusion and lack of direction. If there is no wind blowing in any direction, it is all headwind. As long as you work hard, iron pestles can be ground into needles! In the new century, as long as you are willing to work hard, who says you cannot have both fish and bear's paw! In contract trading, both buying up and down are possible; as long as the direction is correct, both long and short can make money! Do not fear the lack of opportunities, but fear the chance that comes and you dare not act!
