Coin Circle Li Ying: 8.13 Bitcoin 'Bullish Engulfing' Appears! Ethereum 'Bullish Alignment' Reappears! Latest Market Analysis
Current Bitcoin Price 120400, Li Ying judges that the current market is in a typical consolidation pattern, with prices fluctuating between the key support level of 118000 and the strong resistance level of 122000. The extremely low trading volume indicates low market participation, and directional choice is still unclear. From a technical perspective, although a bullish engulfing pattern has recently appeared, suggesting potential reversal possibilities, the entanglement of moving averages and signals of weakening momentum indicate that the market lacks a clear trend, requiring further breakout confirmation. The short-term moving averages are trending down but the price is above them, while the long-term moving averages are flat but the price is below them, resulting in unclear trend signals. Finally, Li Ying suggests that the resistance level of 122000 may face high selling pressure, and if the price effectively breaks through and stabilizes above 122500, stop-loss should exit.
Today's Li Ying Point Predictions
Long Entry Point 119000, Add Long at 118000, Stop 500 points, Target 121000
Short Entry Point 122000, Add Short at 123000, Stop 500 points, Target 119500
Ethereum Analysis
Current Ethereum Price 4300, Li Ying finds that Ethereum is currently in a technical upward trend, but the sustainability of this trend is limited by reduced trading volume and overbought conditions. From a technical perspective, the bullish arrangement of moving averages and the bullish engulfing pattern confirm the market's upward momentum, but the extremely low trading volume and the price being significantly above VWAP indicate a lack of volume support for the rise. Additionally, the RSI is in an overbought state, and the price is close to the upper Bollinger Band, further increasing the likelihood of short-term correction. However, the overall trend remains in a strong upward phase. Li Ying still suggests that effective pullback support should be prioritized for long positions, and if the previous high resistance is broken, observe whether to open short positions.
Latest Point Reference
Long Entry Point 4350, Add at 4300, Stop 30 points, Target 4450
Short Entry Point 4550, Add at 4600, Stop 30 points, Target 4350
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