Cryptocurrency Liying: 8.9 Bitcoin Stalemate Awaiting Breakthrough! Ethereum Bullish Feast! Wealth Code in Volatile Market! Latest Market Analysis
Bitcoin Current Price 116,000, Liying assesses that the current market shows a typical range-bound pattern, with prices locked in the key support and resistance range of 115,000 to 118,000. From a technical perspective, Liying finds the moving average system entangled, trading volume shrinking, and a divergence between volume and price, indicating that the market lacks a clear direction and the short-term trend is uncertain. A bearish engulfing pattern has appeared, further suggesting potential downward pressure in the short term, but due to the strong support at 115,000, the downside potential is limited. Liying believes the current market is in a state of unclear trend, thus adopting a strategy of shorting near resistance is a reasonable choice in line with the current range-bound pattern. If the price breaks through and stabilizes above 118,500, a change in strategy will be considered.
Today's Liying Price Prediction
Long Entry Point 115,000, Add Long at 114,500, Stop 500 Points, Target 117,000
Short Entry Point 117,000, Add Short at 117,500, Stop 500 Points, Target 115,500
Ethereum Analysis
Ethereum Current Price 3,820, Liying finds Ethereum's technical pattern and external environment to be relatively neutral. The technical indicators show that ETH is in an upward trend, with short-term momentum increasing under the support of bullish alignment, and a bullish reversal engulfing pattern has emerged, creating strong bullish resonance. However, the extreme shrinkage in trading volume leads to significant divergence between volume and price, indicating that the current upward trend lacks volume support, especially as the price approaches the strong resistance level of 4,010, where the risk of a pullback significantly increases. Nevertheless, the current market is in an upward trend, but the divergence between volume and price is significant, and the price is nearing the strong resistance level of 4,010. A failure to break through may trigger a pullback, so shorting near the resistance level is in line with the current market. If the price pulls back to this area and forms a stabilization signal, it would be a good opportunity for low-cost long positions. This strategy aligns with the overall trend and utilizes the rebound potential of the key support level.
Latest Price Reference
Long Entry Point 3,750, Add at 3,700, Stop 30 Points, Target 3,850
Short Entry Point 3,950, Add at 4,000, Stop 30 Points, Target 3,750
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