$BTC Liying Talks on Coins: 8.29 Bitcoin (BTC) and Ethereum (ETH) latest market analysis
Family members! Bitcoin is currently 79,200. It can’t go up, and it can’t go down. Many new friends ask me: can I still chase it now? Honestly, this kind of high-level consolidation is the hardest on one’s mindset. The technical indicators’ moving-average system shows that short-term moving averages are sticking together, meaning the trend is unclear. The MACD indicates that the DIF has crossed below the DEA to form a dead cross, and bearish momentum is strengthening. The current price is below the mid-Bollinger band at 79,611 and is close to the lower band at 78,589. The band opening is showing signs of contraction, suggesting volatility is falling and that a directional choice is coming soon. Overall, short-term correction pressure is relatively high—be alert to the risk of a breakdown below the lower Bollinger band.
Short-term trading ideas for reference:
Go long at 79,100–78,800, stop loss 500 points, target 81,000 with an eye on 82,000.
Go short at 81,200–81,500, stop loss 500 points, target 80,500 with an eye on 79,500.
Ethereum
Family members, Ethereum is currently 2,500—this move is like riding a roller coaster and then settling into a rest area. After previously surging hard from around 1,860 to 2,566, the price has been ranging at the high level for several days now, with both bulls and bears watching and waiting. The EMA moving-average system shows a bullish alignment, rising one after another, indicating that the medium- to long-term trend is still generally bullish. The MACD’s DIF and DEA have slightly converged but have not formed a dead cross, which is considered a healthy pullback. Price is trading close to the mid-band at 2,502, and the gap between the upper and lower bands is narrowing, suggesting a breakout/change is imminent. Current price is between the mid-band and the upper band; if it can hold the mid-band effectively and break above the upper band at 2,525 with volume, the bullish trend may continue. Conversely, if it falls below the mid-band and the MACD forms a dead cross, it may pull back toward the lower band at 2,479 to seek support.
Short-term key levels reference:
Go long at 2,490, defense 2,460, stop loss 40 points, target 2,560 with an eye on 2,600.
Go short at 2,550, defense 2,570, stop loss 40 points, target 2,500 with an eye on 2,450.
The above content is exclusively original by Liying. If reprinted, please indicate the source! Article publishing and review may be delayed; the market changes rapidly. The above suggestions are for reference only—risk is yours to bear.
$ETH
#BTC走势分析 #ETH走势分析
Family members! Bitcoin is currently 79,200. It can’t go up, and it can’t go down. Many new friends ask me: can I still chase it now? Honestly, this kind of high-level consolidation is the hardest on one’s mindset. The technical indicators’ moving-average system shows that short-term moving averages are sticking together, meaning the trend is unclear. The MACD indicates that the DIF has crossed below the DEA to form a dead cross, and bearish momentum is strengthening. The current price is below the mid-Bollinger band at 79,611 and is close to the lower band at 78,589. The band opening is showing signs of contraction, suggesting volatility is falling and that a directional choice is coming soon. Overall, short-term correction pressure is relatively high—be alert to the risk of a breakdown below the lower Bollinger band.
Short-term trading ideas for reference:
Go long at 79,100–78,800, stop loss 500 points, target 81,000 with an eye on 82,000.
Go short at 81,200–81,500, stop loss 500 points, target 80,500 with an eye on 79,500.
Ethereum
Family members, Ethereum is currently 2,500—this move is like riding a roller coaster and then settling into a rest area. After previously surging hard from around 1,860 to 2,566, the price has been ranging at the high level for several days now, with both bulls and bears watching and waiting. The EMA moving-average system shows a bullish alignment, rising one after another, indicating that the medium- to long-term trend is still generally bullish. The MACD’s DIF and DEA have slightly converged but have not formed a dead cross, which is considered a healthy pullback. Price is trading close to the mid-band at 2,502, and the gap between the upper and lower bands is narrowing, suggesting a breakout/change is imminent. Current price is between the mid-band and the upper band; if it can hold the mid-band effectively and break above the upper band at 2,525 with volume, the bullish trend may continue. Conversely, if it falls below the mid-band and the MACD forms a dead cross, it may pull back toward the lower band at 2,479 to seek support.
Short-term key levels reference:
Go long at 2,490, defense 2,460, stop loss 40 points, target 2,560 with an eye on 2,600.
Go short at 2,550, defense 2,570, stop loss 40 points, target 2,500 with an eye on 2,450.
The above content is exclusively original by Liying. If reprinted, please indicate the source! Article publishing and review may be delayed; the market changes rapidly. The above suggestions are for reference only—risk is yours to bear.
$ETH
#BTC走势分析 #ETH走势分析
