Crypto Circle Li Ying: 6.23 Bitcoin Nightmare Reshaping! Downward Pursuit! Ethereum's Low Rebound Struggles Against Bearish Tide! Latest Market Analysis
Bitcoin
Current Bitcoin price is 99,400, the downtrend continues, and market sentiment is clearly leaning towards bearish. Recently, the price has fallen below both short-term and long-term moving averages, which Li Ying refers to as an accelerated decline state, accompanied by increasing trading volume. The MACD and Bollinger Bands indicators both show that the market is in a weak state, with significant downward momentum; therefore, Li Ying believes that in the short term, the market price may further test the previous low support around 99,000. If it breaks below, the price will continue to operate in a bearish trend and may continue downward to seek the next support level; if the support holds, there may be a short-term low-level consolidation situation. Finally, Li Ying suggests paying attention to the effectiveness of the previous low support at 99,000. If it breaks, it is necessary to control risks in a timely manner and stop-loss on part or all of the positions; if the support holds, one may reduce positions appropriately and wait for the market sentiment to ease.
Today's Li Ying Point Forecast
Long Entry Point 99,000, 98,000 Add Long, Stop 500 Points, Target 101,000
Short Entry Point 101,000, 101,500 Add Short, Stop 500 Points, Target 99,500
Ethereum Analysis
Current Ethereum price is 2,180, Li Ying finds that the overall market is currently in a weak state, with the price declining from a high of 2,880 and currently hovering around 2,155. There is still a possibility of further decline in the short term, so Li Ying believes that all indicators support continued downward expectations. The price may seek a bottom near the key support area of 2,155, but if it loses this position, it may further test the 2,000 psychological barrier. The short-term rebound strength is weak, making it difficult to form a trend reversal. Finally, Li Ying suggests looking for short opportunities on rallies. If the price breaks below the 2,155 support level, it is recommended to follow the trend and look for short positions. If the price rebounds and breaks through the 2,245 resistance level to form an upward trend, one should reassess the bearish strategy, waiting for more confirmation signals to avoid chasing highs and selling lows.
Latest Point Reference
Long Entry Point 2,160, Add 2,130, Stop 30 Points, Target 2,230
Short Entry Point 2,230, Add 2,260, Stop 30 Points, Target 2,150
The above analysis by Li Ying is based on market data and trend analysis of the market and does not constitute investment advice. For reference only $BTC