$BTC Crypto Circle Liying: Latest Market Analysis of Bitcoin (BTC) and Ethereum (ETH) on 7/9

Bitcoin’s current price is 61700. The current market is like a tug-of-war; both bulls and bears are testing the waters. For us ordinary retail investors, what’s most taboo at this time is chasing the price up and selling when it dips. The current trend is in an awkward phase where there is pressure overhead and support below. Although the overall direction hasn’t fully turned bad, the risk of a short-term pullback is still not small. From a technical indicator perspective, the moving average system’s bearish configuration hasn’t been fully reversed yet, and rebound resistance is heavy. The MACD indicator is in a weak repair stage. The Bollinger Bands price is currently moving below the middle track at 63025, and there are signs that the bands are tightening/closing. This usually means a breakout is imminent. If it cannot effectively regain and hold above the middle track, it is likely to probe the downside again to test the support strength near the lower track around 61718.

Short-term strategy reference: For short-term trades, mainly go long on pullbacks; breakout chasing should be secondary.

Make entry at 61200-60700, set stop loss at 60200, target 62500 aiming for 63500.

Make entry at 62500-63500, set stop loss at 64000, target 61500 aiming for 61000.

Ethereum

Family members, Ethereum is at 1722 before the稿 (announcement). The current price is just squeezed between the ceiling and the floor. Above, 1750-1760 is a pile of trapped positions for many people; below, 1700-1720 is the bulls’ last line of defense. At a time like this, the market often makes big moves—either breaking upward to release the trapped positions, or smashing downward to trigger panic. For us traders, this kind of narrow-range consolidation is actually the best hunting ground. The moving average system shows a bearish arrangement. The MACD indicator is contracting, indicating there isn’t enough downward momentum, which may suggest an early form of bearish-to-bullish divergence. The Bollinger Bands have tightened further; the lower band at 1723 almost coincides with the current price—this is a precursor to a change. Once the candlestick body effectively breaks below 1720, the Bollinger Bands will open downward, leading to an accelerated selloff. Conversely, if it can hold firm and break above 1740, it would be in a position to challenge the middle track.

Short-term level reference:

Make entry at 1750, defend at 1700, set stop loss at 1650, target 1800 aiming for 1850.

Make entry at 1840, defend at 1860, set stop loss at 1900, target 1780 aiming for 1730.

The above content is exclusively and originally created by Liying. If you reprint it, please indicate the source! There is a delay in the article publication review. The market changes in an instant—these suggestions are for reference only; risk is borne by yourself. ‌#世界杯冠军预测 $ETH ‌