$BTC Li Ying from the Crypto Circle: Latest Market Analysis of Bitcoin (BTC) and Ethereum (ETH) on July 6


  
  Bitcoin is currently at 62600, forming a beautiful V-shaped reversal or the right side of a rounded bottom. The price has now stood above several key moving averages, looking quite impressive, but there is also significant resistance above, as there are many trapped positions ahead. The EMA system is undergoing subtle changes. The short-term EMA7 and EMA30 have already formed a golden cross upward, turning the short-term trend bullish, but the EMA120, as the long-term bull-bear dividing line, is currently flat, indicating that the larger timeframe is still in a consolidation and repair phase. The MACD indicator needs to watch out for the risk of bearish divergence. On the Bollinger Bands, the price is currently hovering around the middle band at 62775, with the upper band at 63309 and the lower band at 62242. The bands are beginning to contract, signaling an imminent trend change, with volatility decreasing and about to choose a direction.
  
  Short-term Trading Ideas:
  
  Long entry: 62000-61500, stop loss 61000, target 63500 aiming for 64000
  
  Short entry: 63500-64000, stop loss 64500, target 62500 aiming for 62000
  
  Ethereum
  
  Folks, Ethereum was at 1770 before this article was published. The current market is very interesting. Although it hasn't broken the previous high yet, the bullish momentum is clearly strengthening. It's like climbing a mountain; it was going downhill before, but now it has not only stopped but also started climbing up. The current price level is quite critical, in an awkward period with resistance above and support below. From a technical perspective, the moving averages have formed a golden cross and are diverging upward, indicating that the medium-to-long-term trend has turned bullish. The MACD indicator shows weakening upward momentum temporarily, requiring caution for a pullback risk, but the two lines have not formed a death cross, so the bullish pattern remains unbroken. The Bollinger Bands are opening upward, and the price is currently running near the middle band at 1769, which provides a very strong short-term support. As long as the price does not break below the middle band effectively, the overall upward channel remains intact.
  
  Short-term Price Reference:
  
  Long entry: 1750, defense 1700, stop loss 1650, target 1800 aiming for 1850
  
  Short entry: 1820, defense 1860, stop loss 1900, target 1780 aiming for 1730
  
  The above content is exclusively original by Li Ying. Please indicate the source for reprinting! The article publication is subject to review delays, and the market is changing rapidly. The above suggestions are for reference only and you bear the risk. ‌#预测世界杯巴西VS挪威 $ETH $ETH
BTC0.94%
ETH0.61%
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