Li Ying Talks Crypto: 11.8 Latest Analysis on Bitcoin (BTC) and Ethereum (ETH)
Family! Bitcoin’s current price is 75,850, showing a typical pattern of surging then pulling back, with weak volatility. The moving averages above act like mountains pressing down, every time it tries to rally upwards, it seems to be knocked back by an invisible hand. Fortunately, the 75,000 area is still holding up and, in previous declines, this region managed to stop the drop. Right now, both bulls and bears are holding their breath—it’s just a matter of who loses patience first to break this stalemate. Will the bears keep pushing and smash through the support, or will the bulls gather strength to rebound? Let’s wait and see. The overall MACD momentum remains weak, indicating a downward bias persists. The Bollinger Bands show the market in a weak, descending channel, and the moving average system clearly lines up in a bearish pattern. Overall, the technicals point to the downside, but the lower support band is worth watching closely.
Bull Strategy
Entry: 75,600-75,800 Stop loss: 74,500 Target: 76,200-77,000
Bear Strategy
Entry: 76,200-76,500 Stop loss: 77,200 Target: 74,800 or lower
Ethereum
Family, Ethereum’s current price is 2,240, like a young guy drunk—one moment it gives you a sweet rise, the next moment it slumps to scare you. Looking at the candlestick chart, a few days ago it was still meandering above 2,400, then suddenly plunged back near 2,200. This type of trend is most dangerous for chasing rallies and panic selling: the moment you see it rise and want to buy in, it traps you at the top; when you see it drop and want to sell, it stabilizes at the bottom with a doji. Now at 2,243, it’s caught in an awkward spot—neither up nor down—like walking a tightrope, with an abyss on the left and a cliff on the right. For retail investors, the best thing to do right now is hold back, observe more and act less, and don’t act recklessly. Overall momentum is weak, indicating that although some bearish power has been released, the bullish rebound is not obvious.
Follow the Trend and Go Short
Short lightly if it rebounds to 2,265-2,280. Stop loss: 2,305 Take profit: 2,224-2,172
For a rebound long, enter if price holds above 2,240 or after a pullback to the lower support without breaking. Entry: 2,172-2,180 Stop loss: 2,165 Take profit: 2,260-2,290
The above content is exclusively original by Li Ying. Please credit the source for any reprints! Articles are published after approval and there may be delays; the market changes rapidly, so these suggestions are for reference only and you take your own risks.
