Coin Circle Li Ying: On July 20, Bitcoin's fluctuating market hides secrets, the direction of the breakthrough determines fate! Ethereum is unlikely to break through in the short term, focus on observation! Latest market analysis
Current price of Bitcoin is 118,100. Li Ying observes that Bitcoin is currently in a relatively stable fluctuation phase. Therefore, in the short term, the market's long and short forces are relatively balanced, and the trend is in a phase of consolidation, but the rebound strength is weak, and attention should be paid to the channel breakout situation. The previous peak divergence combined with indicators shows weakening momentum, and in the short term, it may still face adjustment pressure. Finally, Li Ying suggests that everyone seek a low-buy high-sell trading strategy. When observing the price breaking through the Bollinger band channel, especially the upper track at 120,400, appropriate additional positions can be taken to chase the rise; if the price falls below the support level of 116,800, cautious adjustments to positions and stop losses are necessary. At the same time, it is advisable to pay attention to the breakout strength of the previous high point at 123,300 and the middle track position of the Bollinger band. Once broken, you can actively follow the trend.
Reference:
Long position at 117,000, stop loss at 116,000, stop loss 500 points, target 120,000
Short position at 120,000, stop loss at 121,000, stop loss 500 points, target 118,000
Ethereum
Before publication, the current price of Ethereum is 3,565. Li Ying observes that Ethereum is currently in a high-level consolidation after the rise, accompanied by short-term adjustments and a tug-of-war between long and short positions, overall in a phase of consolidation. Multiple indicators point to signals of weakening momentum in the market in the short term, but the medium-term trend still leans towards bullish. Therefore, in the short term, the market is in high-level fluctuations, and long and short forces are in a tug-of-war. From the performance of K-line and MACD, although the bulls are trying to accumulate strength, the upward momentum is insufficient, and the bears may still have opportunities to counterattack. Additionally, since the price is near the upper track of the Bollinger band, there is a certain risk of short-term retracement. Finally, Li Ying suggests that coin friends primarily focus on observation in the short term, waiting for further direction confirmation after market adjustments. If the price breaks below the middle track of the Bollinger band, consider entering the market on dips, with a stop loss set near the lower track of the Bollinger band. In the medium term, Li Ying is bullish and may tentatively build positions near key support levels but needs to guard against short-term retracement risks.
Reference:
Long position at 3,500, stop loss at 3,450, stop loss 30 points, target 3,600
Short position at 3,650, stop loss at 3,700, stop loss 30 points, target 3,500
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