$BTC Liying in the Crypto Circle: July 8 Latest Market Analysis of Bitcoin (BTC) and Ethereum (ETH)

Bitcoin is currently at 64,000, firmly standing at the 64,000 mark, as if it took a roller coaster ride back to the safety zone. From a technical perspective, it is in a very classic consolidation and repair period after a V-shaped reversal. The EMA7 moving average has crossed above the EMA30, forming a short-term golden cross arrangement, indicating that the medium to long-term trend is shifting from bearish to bullish. The MACD indicator's bullish pattern remains unchanged. The Bollinger Bands are slightly expanding upward, with the middle band rapidly rising to provide support. The current price is approaching the upper band resistance around 64,600, where there will be short-term resistance that requires increased volume to break through. Overall, the indicators are resonating to show bulls are dominant, but one must be cautious of a surge followed by a pullback.

Short-term strategy reference: Primarily go long on pullbacks, with chasing breakouts as a supplementary tactic.

Long entry points 63,300-62,800, stop loss 62,300, target 65,000 aiming for 66,000.

Short entry points 65,500-66,000, stop loss 66,500, target 64,500 aiming for 64,000.

Ethereum

Family members, Ethereum is at 1,800 before this article was published. It previously dropped from 1,848 to 1,510, shaking off many people. But now the situation is different. The price has strongly rebounded to around 1,800, not only recovering the previous losses but also standing above all moving averages. This indicates that market sentiment has shifted from panic to greed, with institutional funds entering to grab bargains. The current trend is very clear—a standard V-shaped reversal, with the bottom at 1,510 confirmed valid. Subsequent pullbacks are all opportunities to get in. As long as key support levels are not broken, this upward trend is likely to continue. Don't fall before dawn; holding onto your chips is the way to go. The MACD indicator's momentum has weakened but the trend remains unchanged. The price is currently running tightly along the upper band at 1,810, with the middle band at 1,778 forming strong dynamic support. This pattern of moving along the upper band is usually a characteristic of a main rising wave. As long as the Bollinger Bands' opening does not shrink, the unilateral upward trend is not over.

Short-term points reference:

Long entry point 1,750, defense at 1,700, stop loss 1,650, target 1,800 aiming for 1,850.

Short entry point 1,840, defense at 1,860, stop loss 1,900, target 1,780 aiming for 1,730.

The above content is exclusively original by Liying. Please indicate the source if reposted! The publication of the article has a delay in review. The market changes rapidly. The above suggestions are for reference only and the risk is borne by oneself. ‌#Strategy上周减持3588枚BTC $ETH ‌