Coin Circle Li Ying: Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis and Trading Recommendations on 2025.8.17
Current Bitcoin price is 117700. Li Ying first analyzes the price trend of Bitcoin. Currently, the daily chart shows that the price quickly dropped from a high of 124500 to 118300. Subsequently, there were two consecutive days of small bearish candles, indicating that the market is in a weak adjustment phase. The recent 4-hour K-line shows a fluctuating trend, testing support near 117000 multiple times, but the rebound strength is weak and has not been able to break through the previous swing high of 119000. On the technical front, Li Ying sees that the daily MACD continues to trend downwards with bears in control, and the 4-hour MACD has not shown any significant bullish divergence signals in the short term. The daily EMA moving averages are in a bearish arrangement, with EMA7 and EMA30 forming a dead cross and continuing to suppress the price; the 4-hour EMA7 and EMA30 are entangled alternately, while EMA120 remains flat, indicating an overall weak trend. The selling pressure in trading volume has weakened, but the buying power is insufficient. The 4-hour trading volume has recently remained sluggish, with few instances of increased volume in individual K-lines. Therefore, Li Ying concludes that the market is entering a bearish phase in the short term. Li Ying suggests a primary short position with some long positions as a supplement.
Price Prediction
Long entry point at 115000, add long at 114000, stop loss at 500 points, target 118000
Short entry point at 118500, add short at 119000, stop loss at 500 points, target 116500
Ethereum
Current Ethereum price is 4395. Li Ying finds that the current K-line of Ethereum is in a downtrend. The daily chart shows that the price has gradually retreated from a high of 4788, forming three consecutive bearish candles. The 4-hour price has shown a fluctuating consolidation after a sharp drop, and the current closing price is close to the previous low area, showing some signs of support. On the technical front, Li Ying sees the daily MACD in a dead cross state, with bearish strength dominating the 4-hour MACD. The trend indicator's daily EMA moving averages show an overall bearish trend, with EMA7 and EMA30 providing clear resistance. The current price is below EMA7, maintaining a narrow range consolidation without much operational space. Friends who are not in the market are advised to take a break, while those who have entered the market should pay attention to key resistance and support levels and be prepared to exit at any time.
Price Reference
Long entry point at 4300, add at 4250, stop loss at 30 points, target 4550
Short entry point at 4500, add at 4550, stop loss at 30 points, target 4350
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