Li Ying Talks Crypto: 9.17 Latest Analysis of Bitcoin (BTC) and Ethereum (ETH) Market Trends
Family! Bitcoin is currently priced at 75,750. The current market looks like a deflated ball—although it has fallen a lot, no one knows where the bottom is. Many people are asking whether it's time to buy the dip, or if the decline will continue. Judging by the current candlestick patterns, the bears completely dominate the market, with the bulls having almost no chance to fight back. The EMA moving averages show a typical bearish alignment, and the MACD indicator's DIF and DEA lines are both still trending downward, showing that the bearish momentum has not yet exhausted. The price is tightly clinging to the lower band, with the Bollinger Bands opening downward—this is a strong one-sided decline signal, suggesting increased volatility to the downside. As long as the price cannot effectively rise above the midline of the Bollinger Bands, any rebound should be seen as a technical correction rather than a reversal.
Short-term trading reference:
Go short at 75,900, protect at 76,200, stop loss 400 points, target 75,200 aiming for 74,600
Go long if 76,400 holds as support, stop loss 400 points, target 77,500 aiming for 78,500
Ethereum
Family! Ethereum is currently priced at 2,390. The market sentiment is very fragile right now; everyone is waiting and watching, afraid to take action. For us retail investors, we absolutely must avoid betting on one-sided surges or crashes. Instead, closely watch this support level. As long as the previous low isn’t broken, we have a chance to speculate on a rebound; but if it is breached, we should exit quickly and not go against the trend. The MACD indicator's DIF and DEA show weakening bearish momentum, but no reversal yet. The price is currently closely hugging the lower 2,351 band, and the Bollinger Bands are opening downward—this is a classic weak channel. However, when the price touches the lower band, it often triggers a technical correction; the 2,351-2,355 range forms a strong dual support. Only if the price climbs back above EMA7 can it be considered stable in the short term.
Short-term key levels reference
Go long at 2,360, protect at 2,350, stop loss 40 points, target 2,400 aiming for 2,430
Go short at 2,400, protect at 2,430, stop loss 40 points, target 2,380 aiming for 2,350
The above content is exclusively original by Li Ying. Please indicate the source when sharing! There is a delay in article review and posting, and the market changes rapidly. The above suggestions are for reference only—proceed at your own risk.
