$BTC Liying chats about coins: Latest BTC and ETH market analysis for 9.25
Family members! Bitcoin’s current price is 84,300, and the market really leaves people a bit baffled. Let’s look at this 2-hour chart—just a few days ago it made a strong push and surged to a high of 87,385. But then, it turned around and a big “plunge” came, smashing down to around 84,250 now. The EMA moving averages’ medium- to long-term bullish trend hasn’t changed, but on the short term there’s significant suppression and resistance to rebounds. The MACD indicator’s bearish momentum is still in control, and the momentum hasn’t yet exhausted. For now, there’s no sign of a bottom divergence signal. The Bollinger Bands suggest a potential turning point is imminent. If it can’t quickly reclaim the area above the middle band, it will likely test the lower band to seek support.
Short-term references:
Go long around 83,000, hold with defense at 82,500, stop loss 400 points, target 84,000 with an eye on 84,500
Go short around 84,500, defend at 85,000, stop loss 400 points, target 83,500 with an eye on 83,000
Ethereum
Family members! Ethereum’s current price is 2,680, and it really is a bit confusing stuck at this level. Look at the chart—recently it surged above 2,800, but it couldn’t hold and then dropped back down. Now it’s exactly caught in the “gap” between several moving averages. It’s like climbing a mountain and getting tired during the ascent: taking a rest midway—now do you rest and then push upward again, or do you lack the strength and slide back down? This market right now is a typical consolidation and shakeout period: pressure above and support below. Direction is unclear, and it’s currently choosing whether to turn. But as long as it doesn’t break below the lower band at 2,620, the overall uptrend hasn’t been completely broken.
Short-term level references (holding at 2,630 normally with stop loss set properly is fine):
Go long around 2,660, defend at 2,630, stop loss 40 points, target 2,720 with an eye on 2,760
Go short around 2,740, defend at 2,750, stop loss 40 points, target 2,700 with an eye on 2,650
The above content is an exclusive original by Liying. If you reprint it, please indicate the source! There may be a delay in the article’s publication review. The market changes instantly; the above suggestions are for reference only—risk is on you.
$ETH
Family members! Bitcoin’s current price is 84,300, and the market really leaves people a bit baffled. Let’s look at this 2-hour chart—just a few days ago it made a strong push and surged to a high of 87,385. But then, it turned around and a big “plunge” came, smashing down to around 84,250 now. The EMA moving averages’ medium- to long-term bullish trend hasn’t changed, but on the short term there’s significant suppression and resistance to rebounds. The MACD indicator’s bearish momentum is still in control, and the momentum hasn’t yet exhausted. For now, there’s no sign of a bottom divergence signal. The Bollinger Bands suggest a potential turning point is imminent. If it can’t quickly reclaim the area above the middle band, it will likely test the lower band to seek support.
Short-term references:
Go long around 83,000, hold with defense at 82,500, stop loss 400 points, target 84,000 with an eye on 84,500
Go short around 84,500, defend at 85,000, stop loss 400 points, target 83,500 with an eye on 83,000
Ethereum
Family members! Ethereum’s current price is 2,680, and it really is a bit confusing stuck at this level. Look at the chart—recently it surged above 2,800, but it couldn’t hold and then dropped back down. Now it’s exactly caught in the “gap” between several moving averages. It’s like climbing a mountain and getting tired during the ascent: taking a rest midway—now do you rest and then push upward again, or do you lack the strength and slide back down? This market right now is a typical consolidation and shakeout period: pressure above and support below. Direction is unclear, and it’s currently choosing whether to turn. But as long as it doesn’t break below the lower band at 2,620, the overall uptrend hasn’t been completely broken.
Short-term level references (holding at 2,630 normally with stop loss set properly is fine):
Go long around 2,660, defend at 2,630, stop loss 40 points, target 2,720 with an eye on 2,760
Go short around 2,740, defend at 2,750, stop loss 40 points, target 2,700 with an eye on 2,650
The above content is an exclusive original by Liying. If you reprint it, please indicate the source! There may be a delay in the article’s publication review. The market changes instantly; the above suggestions are for reference only—risk is on you.
$ETH
