Cryptocurrency Li Ying: Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis and Trading Recommendations on August 16, 2025
Current Bitcoin Price: 117,300. Li Ying finds that Bitcoin is currently in a low-level consolidation phase, and technical signals indicate certain rebound potential. Although the moving average system shows a bearish arrangement, indicating an overall downward trend, the bullish engulfing signal in the candlestick pattern and the RSI's oversold condition provide technical support for a rebound. Additionally, the price is close to a strong support level of 120,800, further enhancing the judgment that the downside space is limited. However, the extreme reduction in trading volume also constrains the strength of the rebound, indicating insufficient market momentum. Finally, Li Ying suggests that a short position may be opened if encountering resistance and falling back near the strong resistance level of 120,000. The strong support level of 115,000 provides a foundation for the rebound; therefore, adopting a low-buy strategy to capture short-term rebound opportunities can allow for another long position. If the price breaks below the support, the strategy will become invalid, and timely stop-loss should be executed to exit.
Price Forecast
Long Entry: 115,000; Add Long: 114,000; Stop Loss: 500 points; Target: 118,000
Short Entry: 118,500; Add Short: 119,000; Stop Loss: 500 points; Target: 116,500
Ethereum
Current Ethereum Price: 4,425. Li Ying finds that Ethereum is in a low-level consolidation phase, with technical analysis showing potential for a short-term rebound; however, the medium-term trend remains weak. The bullish engulfing pattern appears near the strong support level of 4,315, resonating with the RSI's oversold condition, constituting a technical drive for a rebound. However, Li Ying notes that the moving average system is in a bearish arrangement, and the recent occurrence of a death cross indicates that the medium-term trend still leans downward, and the shrinking trading volume further weakens the rebound momentum. Overall, the market is in a state of intertwining bulls and bears, and the price may maintain a volatile pattern in the short term. Finally, Li Ying suggests that resistance near the level of 4,750 may face selling pressure; combined with technical indicators, a short position can be opened here. Additionally, the bullish engulfing pattern and the RSI's oversold condition create a resonance signal near the strong support level of 4,315, indicating a high likelihood of short-term rebound. Considering the strength of the support level, Li Ying advises opening a long position here.
Price Reference
Long Entry: 4,330; Add Long: 4,280; Stop Loss: 30 points; Target: 4,650
Short Entry: 4,700; Add Short: 4,750; Stop Loss: 30 points; Target: 4,450
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