Crypto Circle Li Ying: Bitcoin Continues to Decline at 83,000! The 110,000 Mark is in Danger, Bears Celebrate! Ethereum Market Sentiment at Freezing Point, Bulls Have Nowhere to Hide! Latest Market Analysis
Current Bitcoin Price 113,000, Li Ying finds that Ethereum is currently facing resistance at the lower support of 112,700 but the rebound strength is weak, overall in a clear downward trend, so from a short-term perspective, technical indicators such as EMA, RSI, and MACD all indicate that the market maintains a weak pattern, and the downward trend may continue in the short term. The price is operating near the lower track area of the BOLL indicator, and from the range of fluctuations, the downward space may become limited, but the rebound strength is still insufficient to effectively push the price to break through the resistance level. Finally, Li Ying suggests that if the price can form a double bottom or reversal candlestick pattern near the support level of 112,700, one might consider entering the market in the short term. If the price breaks below the support level of 112,700, one should pay attention to even lower support areas. Future operations need to closely monitor the price performance at the support level, while the upper resistance level of 119,800 is relatively strong. If the subsequent rebound fails to effectively break through this level, the rebound may belong to a weak pullback, and it is recommended not to chase high recklessly.
Point Prediction
Long at 112,500, add long at 112,000, stop at 500, target 114,000
Short at 114,000, add short at 114,500, stop at 500, target 112,500
Ethereum Analysis
Current Ethereum Price 3,800, Li Ying finds that Ethereum has attempted to rebound multiple times but has not broken through the key resistance level of 3,940, overall in a downward channel, market sentiment is significantly bearish. Therefore, from a short-term perspective, the price may continue to be weak, and after confirming the validity of the support at 3,425, it may enter a low-level consolidation or further seek a bottom. If the support level of 3,425 is effectively broken, the market may continue to seek lower support. If a brief rebound occurs after an oversold condition, the resistance levels will be in the range of 3,480 and 3,500, and further rebound targets can be observed for the strength of resistance at 3,940. Finally, Li Ying suggests that one can appropriately attempt small position short-term operations to seize the opportunity of oversold rebounds, but strict stop-loss settings are necessary. Bearish friends can continue to utilize the downward trend for holding positions, and in the short term, pay attention to the confirmation of the break below 3,425 before appropriately increasing short positions. Caution is advised to avoid heavy positions and ensure controllable risk.
Reference Points
Long at 3,400, add at 3,350, stop at 30, target 3,500
Short at 3,550, add at 3,600, stop at 30, target 3,400
$BTC