Li Ying Talks Crypto: 8.16 Latest Analysis and Trading Suggestions for Bitcoin (BTC) and Ethereum (ETH)
Current Bitcoin price is 63,000. It's making people nervous, but there's also a bit of anticipation. It looks like it's hard to go lower, but there's not much strength to push higher either. It's still too early to call this a hard bottom, but in the short term, there's indeed some sign of stabilization. Technical indicators: The EMA moving averages show a bearish alignment, with the price suppressed below the short-term averages, indicating strong selling pressure above. The MACD indicator shows both the DIF and DEA lines running below the zero axis, bear momentum is weakening, and the price is near the lower Bollinger band at 62,660. The middle band at 63,047 is the first resistance, and the upper band at 63,434 is the strong pressure zone.
Today's Li Ying Price Forecast
Short at 64,000–64,400, stop loss at 500 points, target 63,500 aiming for 63,000
Long at 62,500–63,000, stop loss at 500 points, target 63,500 aiming for 64,000
Ethereum Analysis
Current Ethereum price is 1,884, it's not going up nor down, almost like a flatlining ECG. This type of market really tests your mindset; clearly, the main players are shaking out weak holders. Technicals: EMA7 and EMA30 are intertwined, so the mid-to-long-term trend remains weak, and there is heavy resistance on any rebound. The MACD indicator does not show a strong golden cross between the DIF and DEA lines, indicating a lack of upward momentum. The Bollinger Bands are clearly narrowing, both upper and lower bands are approaching the middle band at 1,879, which is usually a sign of an impending breakout. The current price is a bit above the middle band, indicating a weak equilibrium. If it falls below the middle band, a further drop could accelerate.
Latest Price Reference Points
Long entry: 1,875–1,860, stop loss at 1,840, target 1,900 aiming for 1,920
Short entry: 1,910–1,915, stop loss at 1,930, target 1,890 aiming for 1,870
The above content is original to Li Ying. Please cite the source when reprinting! Article publication and review are delayed; the market can change rapidly, and the above suggestions are for reference only—trade at your own risk.
