Coin Circle Li Ying: Latest Market Analysis of Bitcoin (BTC) and Ethereum (ETH) on 7.7

　　
Bitcoin current price 63700, the price is stuck between the middle and upper bands of the Bollinger Bands, as if it has rested enough and is about to choose a direction. The short-term moving average system is significantly higher than the long-term, indicating the overall trend is still bullish, with only minor adjustments in between. The MACD looks like a fakeout. The EMA moving averages show the early stage of a bullish arrangement, with EMA7 crossing above EMA30, and the price standing firmly above EMA120, indicating a strengthening medium-to-long-term trend. The Bollinger Bands narrowed then flattened, with the price trading between the middle and upper bands, showing the market is in a phase of consolidation and accumulation; a breakout above the upper band would open upward space. The MACD indicator shows weakening bearish momentum; if DIF crosses back above DEA, a bullish signal will be confirmed.
　　
Short-term reference: Mainly go long on pullbacks, supplemented by chasing breakouts.
　　
Long point 63000-62500, stop loss 62000, target 63500 aiming for 64000
　　
Short point 65500-66000, stop loss 66500, target 64500 aiming for 64000
　　
Ethereum
　　
Folks, Ethereum at 1800 before publication, a textbook V-shaped reversal! Not long ago when it dropped to around 1500, many were scared away? As a result, it dawdled at the bottom for a few days, then directly pulled a big bullish candle, and now the price stands firmly at the 1800 level. The bulls have regained the initiative, and the moving average system is slowly repairing into a bullish arrangement. The technical indicator moving averages form a typical golden cross divergence pattern. The MACD indicator shows a normal pullback accumulation during the upward trend, without a death cross signal, and momentum still exists. The Bollinger Bands open upward, and the price runs close to the upper band. Currently, the price of 1802 slightly breaks above the upper band, showing strong attacking desire, but also suggesting that there may be a short-term need to retest the middle band to confirm support
　　
Short-term point reference:
　　
Long point 1750, defense 1700, stop loss 1650, target 1800 aiming for 1850
　　
Short point 1840, defense 1860, stop loss 1900, target 1780 aiming for 1730
　　
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