Coin Circle Li Ying: The battle for the mid-range of 7.6 Bitcoin is heating up! Ethereum may have a rebound potential, but 'taking profits at highs' is the way to go! Latest market analysis
The current price of Bitcoin is 108,000, and I won't elaborate much on the current market's oscillation trend; let's directly look at the short-term market oscillating around the mid-range and the mid-term moving average, with an overall direction that is not clear. The RSI is in a neutral zone, and the MACD shows that bearish momentum is gradually weakening, but there are no obvious rebound signals. The BOLL upper and lower bands have contracted and then slightly opened, indicating that volatility may gradually increase. It is expected that in the short term, the price will remain oscillating, and Li Ying suggests prioritizing a high sell and low buy strategy. Near the resistance level of 109,350, consider lightly reducing positions at highs, and after observing stabilization near the support level, choose to buy at lows. If the price breaks through the range, especially breaking the key resistance of 110,500, one can follow the trend to increase long positions; if it breaks the key support of 105,050, attention should be paid to downside risks and guard against further adjustments. Maintain flexibility in responding to the current oscillating market.
Today's reference points:
Long entry point 107,000, stop loss 106,000, stop loss 500 points, target 109,500
Short entry point 110,000, stop loss 110,500, stop loss 500 points, target 107,500
Latest Ethereum market analysis
Before publication, the current price of Ethereum is 2,510. Li Ying finds that the current market is showing a relatively obvious weakness, with the price below the moving averages, indicating an overall bearish market atmosphere. In the short term, although the MACD green bar line is shortening and the RSI is tending towards lower levels, which may trigger a rebound, the market still has oscillation and consolidation characteristics, making it difficult to form a clear bullish trend. Therefore, in the short term, Li Ying believes that there is a higher probability of a short-term rebound, and attention should be paid to whether the core support level can effectively support, as well as whether the key upward resistance level is facing downward pressure. Finally, Li Ying suggests paying attention to rebound opportunities after probing down to the key support level, with ultra-short positions participating lightly but needing to take profits at highs to avoid chasing prices.
Short-term strategy reference:
Long entry point 2,420, stop loss 2,380, stop loss 30 points, target 2,530
Short entry point 2,550, stop loss 2,580, stop loss 30 points, target 2,450
The above is Li Ying's brief analysis of the current market for investors' reference $BTC