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

Bitcoin is currently at 61,900. Many of you are asking: Is now a good time to bottom-fish, or is it a continuation of the downtrend? To be honest, the current market is like walking a tightrope—the direction isn’t fully clear yet, but the turning point is right before our eyes. We don’t guess bottoms or tops; we just follow the signals. After BTC touched the low of 57,758, it formed a potential double bottom or right shoulder of a head and shoulders pattern, and is currently attempting to break through the neckline resistance. The moving averages have formed a short-term golden cross, signaling a strong comeback for the bulls. The MACD indicator shows decent rebound momentum. The Bollinger Bands are starting to contract and flatten. If the price firmly holds the middle band and breaks above the upper band at 62,486, new upside will open; conversely, if it breaks below the middle band, it may retest the bottom

Short term reference ideas:

Long entry 61,500-61,800, stop loss 61,000, target 62,500 aiming for 63,500

Short entry 62,500-63,000, stop loss 63,500, target 62,000 aiming for 61,500

Ethereum

Before publication, Ethereum is at 1,731, right around a small resistance level from the previous decline. Simply put, bearish power is weakening, and the bulls are attempting a counterattack but haven’t fully found their footing. At this point, we shouldn’t blindly chase highs. The moving average system is undergoing subtle changes. EMA7 has crossed above EMA30, forming a short-term golden cross, and the price is firmly above EMA120, indicating the short-term trend has turned bullish. The MACD histogram has shortened but remains positive, with DIF and DEA opening upward—momentum still exists. For Bollinger Bands, the price is currently between the middle band at 1,689 and the upper band at 1,770, with the bands slightly opening upward—a typical ascending channel pattern. As long as it doesn’t break below the middle band, the overall structure remains healthy, and the upside could challenge previous highs

Short term point references:

Long entry 1,710, defense 1,680, stop loss 1,650, target 1,750 aiming for 1,800

Short entry 1,780, defense 1,810, stop loss 1,850, target 1,730 aiming for 1,690

The above content is exclusively original by Li Ying. Please indicate the source for reprinting! The article is released and reviewed with a delay. The market changes rapidly. The above suggestions are for reference only and you bear your own risks. $BTC ‌#预测世界杯阿根廷VS佛得角 $ETH ‌