$BTC Crypto Liying: Latest Analysis on July 5th Bitcoin (BTC) and Ethereum (ETH) Market

　　
Bitcoin is currently at 62,910. The daily chart shows a beautiful V-shaped reversal pattern in its early stages. Everyone was panicked by the previous drop, and now seeing these bullish candles rising from the bottom tests one's mindset the most. It seems poised to challenge the previous high, but in reality, it hides the risk of a shakeout. A bullish arrangement is forming but still has hidden dangers. The short-term golden cross of the EMA moving averages is confirmed, but the EMA120, as the bull-bear dividing line, is still supporting from below, indicating that the medium-to-long-term trend has just turned warmer. The MACD indicator shows upward momentum but one must be wary of a shrinkage correction. The price is currently running between the middle and upper bands. The upper band at 63,044 constitutes the immediate resistance level. If it cannot break through with volume, it is very likely to encounter resistance and fall back. Overall, the indicators are rallying positively, but the space appears somewhat crowded.
　　
Short-term trading ideas for reference:
　　
Long entry points: 62,000 - 61,500, stop loss at 61,000, target 63,500 and aim for 64,000
　　
Short entry points: 63,500 - 64,000, stop loss at 64,500, target 62,500 and aim for 62,000
　　
Ethereum
　　
Before publication, Ethereum is at 1,790. It was thought it would fall endlessly, but after repeatedly grinding the bottom in the 1,550–1,600 range, it suddenly had a volume surge and shot up, directly approaching the previous high resistance. This V-shaped reversal combined with platform breakout is very similar to a second charge after a major player's shakeout. Now it is stuck at a key position—is it a fake breakout to trap bulls or a real acceleration of the start? The moving averages form a bullish arrangement, with the short-term moving average forming a golden cross with the medium-term moving average, indicating strong buying on the short term. The MACD indicator has formed a golden cross, and the red bars are continuously expanding, indicating that bullish momentum is being released. The price broke through the middle band at 1,747 and is now attacking the upper band at 1,790. The upper band becomes short-term pressure, but the middle band support is effective, and overall it is in the early stage of an ascending channel. However, note that the previous high at 1,848 is strong resistance. If volume cannot keep up, it is easy to surge and then fall.
　　
Short-term price levels for reference:
　　
Long entry point: 1,750, defense at 1,700, stop loss at 1,650, target 1,800 and aim for 1,850
　　
Short entry point: 1,820, defense at 1,860, stop loss at 1,900, target 1,780 and aim for 1,730
　　
The above content is exclusively original by Liying. Please indicate the source for reprinting! There is a delay in article publication review, and the market changes rapidly. The above suggestions are for reference only and you bear the risk. $ETH ‌ ‌#预测世界杯巴西VS挪威