$BTC Liying talks about coins: Latest market analysis for July 20 Bitcoin (BTC) and Ethereum (ETH)


  
  Bitcoin is currently trading at 64,000. Actually, the current走势 is like building up energy. As long as it doesn’t break below key support, the overall direction remains bullish. Right now, the market is a typical consolidation with a bullish bias. The main force is washing the market—follow the trend, and stay calm to win. The moving-average indicators are very tightly clustered, and the price is above EMA120, which indicates that the short- to mid-term trend is still upward and support is strong. In the MACD, the DIF and DEA have not formed a bearish cross with downward divergence, which is a strong consolidation pattern. The Bollinger Bands have a slight inward tightening, meaning a breakout is imminent
  
  Short-term ideas for reference:
  
  Go long near 64,000-63,500, stop loss at 63,000, target 65,500 aiming for 66,500
  
  Go short near 66,000-66,500, stop loss at 67,000, target 65,500 aiming for 64,500
  
  Ethereum
  
  Family, Ethereum is at 1,868 before this post. After a big surge, this kind of sideways consolidation is often the main force washing the market. As long as the big trend hasn’t changed, and the moving averages are still diverging upward, this isn’t an apocalypse—it’s an opportunity for those who missed the entry to get on board. At this position, it’s a typical bullish pullback pattern. The moving-average system still maintains a bullish alignment, and the price is just stepping on support near EMA7, indicating that short-term buying pressure still exists. MACD is in normal “upward momentum exhaustion and repair,” and it hasn’t broken below the zero axis, so the trend hasn’t reversed. The price action is running above the mid band at 1,857; the mid band is slowly moving upward, forming extremely strong dynamic support. As long as it doesn’t effectively break below 1,850, the overall structure remains healthy
  
  Short-term levels for reference:
  
  Go long near 1,830, defense at 1,800, stop loss at 1,770, target 1,900 aiming for 1,950
  
  Go short near 1,950, defense at 2,000, stop loss at 2,050, target 1,900 aiming for 1,850
  
  The above content is exclusively original by Liying. Please indicate the source when reposting! There is a delay in the article publication review; the market changes moment by moment. The above suggestions are for reference only—risk is your own. $ETH ‌ ‌
BTC0.56%
ETH1.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned