$BTC Liying Chats on Coin: August 21 Latest Market Analysis of Bitcoin (BTC) and Ethereum (ETH)
Family members! Bitcoin is currently at 72,300. It suddenly surged with a big volume and broke above 70,000. Now the price is steadily holding above 70,000. From this setup, it looks like it has finally escaped the previous choppy trading range. A lot of people were tortured by back-and-forth whipsaws with no mood remaining, but now we’re finally seeing the trend turn clear. The moving average system has already formed a perfect bullish alignment: EMA7, EMA30, and EMA120 are all diverging upward in sequence. The steep slope of the short-term moving averages indicates strong buying pressure. The MACD indicator’s DIF and DEA lines have both widened their gap, signaling bullish acceleration. The price has already broken above the upper band and the opening has expanded significantly. The current price is trading outside the upper band—this is an extremely strong trend market. However, also be mindful of the pullback demand after short-term being overbought; overall, the trend is still upward.
Short-term trade ideas to reference:
Go long on 70,500–70,000, stop loss 500 points, target 72,500, aiming for 75,000.
Go long on 72,500–73,000, stop loss 500 points, target 71,000, aiming for 70,000.
Ethereum
Family members, Ethereum is currently at 2,290. Suddenly a single long bullish candle blasted straight up. This kind of “ripping upward from dry land” move shows that major funds have already stepped in to snap up positions. Right now the market is a classic case of “the strong remain strong.” The moving average system shows a perfect bullish alignment. EMA7 golden-crossed EMA30 and has dispersed sharply upward; support beneath is solid. The MACD indicator’s DIF and DEA are still opening upward, meaning upside momentum may be slowing but has not exhausted. The price is hugging the upper band at 2327—this is an extremely strong one-way breakout signal. As long as the price does not fall below the mid band at 2017, the uptrend remains intact. The current sideways consolidation is only absorbing profit-taking.
Short-term level references
Go long on 1,850, defense 1,830, stop loss 40 points, target 2,300, aiming for 2,400.
Go long on 2,450, defense 2,470, stop loss 40 points, target 2,350, aiming for 2,300.
The above content is exclusively原创 by Liying. If you转载, please注明 the source! There may be a delay in the publishing and review process. Markets change instantly—these suggestions are for reference only; risks are borne by the individual.
$ETH
#BTC走势分析 #ETH走势分析
Family members! Bitcoin is currently at 72,300. It suddenly surged with a big volume and broke above 70,000. Now the price is steadily holding above 70,000. From this setup, it looks like it has finally escaped the previous choppy trading range. A lot of people were tortured by back-and-forth whipsaws with no mood remaining, but now we’re finally seeing the trend turn clear. The moving average system has already formed a perfect bullish alignment: EMA7, EMA30, and EMA120 are all diverging upward in sequence. The steep slope of the short-term moving averages indicates strong buying pressure. The MACD indicator’s DIF and DEA lines have both widened their gap, signaling bullish acceleration. The price has already broken above the upper band and the opening has expanded significantly. The current price is trading outside the upper band—this is an extremely strong trend market. However, also be mindful of the pullback demand after short-term being overbought; overall, the trend is still upward.
Short-term trade ideas to reference:
Go long on 70,500–70,000, stop loss 500 points, target 72,500, aiming for 75,000.
Go long on 72,500–73,000, stop loss 500 points, target 71,000, aiming for 70,000.
Ethereum
Family members, Ethereum is currently at 2,290. Suddenly a single long bullish candle blasted straight up. This kind of “ripping upward from dry land” move shows that major funds have already stepped in to snap up positions. Right now the market is a classic case of “the strong remain strong.” The moving average system shows a perfect bullish alignment. EMA7 golden-crossed EMA30 and has dispersed sharply upward; support beneath is solid. The MACD indicator’s DIF and DEA are still opening upward, meaning upside momentum may be slowing but has not exhausted. The price is hugging the upper band at 2327—this is an extremely strong one-way breakout signal. As long as the price does not fall below the mid band at 2017, the uptrend remains intact. The current sideways consolidation is only absorbing profit-taking.
Short-term level references
Go long on 1,850, defense 1,830, stop loss 40 points, target 2,300, aiming for 2,400.
Go long on 2,450, defense 2,470, stop loss 40 points, target 2,350, aiming for 2,300.
The above content is exclusively原创 by Liying. If you转载, please注明 the source! There may be a delay in the publishing and review process. Markets change instantly—these suggestions are for reference only; risks are borne by the individual.
$ETH
#BTC走势分析 #ETH走势分析