$BTC Crypto Circle Li Ying: July 3 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Bitcoin is trading at 61,500. Folks, after a plunge all the way from the high of over 70,000, it has been getting tossed around several times in between as well. It looks like it can’t drop any further, and has started to go sideways and grind for a base. But don’t rush to buy the dip—this is a rather awkward spot: there are layered trapped-position orders pressing down from above, and there isn’t much in the way of strong support below. Simply put, there is pressure above and support below, and the bulls and bears are currently tugging back and forth! The EMA moving-average system is arranged in a bearish order. The MACD indicator shows both DIF and DEA below the zero axis, but the green histogram bars are getting shorter and the fast line is turning upward, suggesting that bearish momentum is weakening and a rebound may be forming. After the Bollinger Bands contract and flatten, the upper band is 62,033 and the lower band is 58,124. The current price is trading above the middle band at 60,078, which fits a weak rebound pattern. Overall, there is a need for short-term repair, but the bigger trend is still bearish—be alert to the risk of a pullback after a spike.

Short-term trading idea reference:

Go long at 59,500-59,000, stop loss 58,500, aiming for 60,500 with a view to 61,500

Go short at 62,000-62,500, stop loss 63,000, aiming for 61,500 with a view to 60,500

Ethereum

Before publication, Ethereum is trading at 1,695. It has just gone through a rebound from the 1,500 low, and is now stuck at a key level. Previously, the selloff had people panicked, but now it has suddenly surged upward. The price has already moved above the short-term moving averages, and the MACD has flipped red. However, the resistance above is also not small. At times like this, patience is the biggest test—chasing the highs risks getting trapped, while buying the dip risks missing the move. Actually, as long as you can read a few key signals, you can respond calmly. The three EMA lines are arranged bullishly, indicating that the short-term trend has strengthened. MACD momentum looks healthy. The Bollinger Bands show strength, but you also need to watch for a pullback. Trading volume is cooperating well, but there hasn’t been a blowout surge, which suggests the main players’ control is relatively steady. The overall structure is in the early stage of an upward channel—so long as it doesn’t break below the 1,650 support zone, the bullish setup remains unchanged.

Short-term level reference:

Go long at 1,650, defense 1,600, stop loss 1,550, aiming for 1,700 with a view to 1,750

Go short at 1,750, defense 1,800, stop loss 1,850, aiming for 1,700 with a view to 1,650

The above content is exclusively original by Li Ying. Please indicate the source when reprinting! The article publication review has a delay; the market changes rapidly. The above suggestions are for reference only—risk is on you. ‌#预测世界杯葡萄牙VS克罗地亚 $ETH ‌