Crypto Lì Yíng: 3.14BTC Bull Position Under Pressure at High! ETH Bearish Engulfing Pattern Triggered! 2100 as Last Fortress! Latest Market Analysis and Trading Suggestions Explained

Bitcoin currently at 72200, Lì Yíng judges that the 2-hour chart K-line at the current market shows a long bearish candle with strong selling pressure. This K-line almost engulfs the previous large bullish candle body, forming a potential bearish engulfing pattern, indicating that bull forces have suffered setbacks at short-term highs. The latest K-line on the daily chart is a bullish candle with a long upper shadow, with closing price far below the highest point, similarly indicating strong selling pressure encountered at intraday highs. Looking at the MACD 2-hour rising momentum showing signs of weakening with potential divergence, possible top divergence may form subsequently. The EMA 2-hour moving averages show bullish arrangement, with the overall trend still upward. EMA7 as a short-term support level, current price is close to this position and may find support here.

Short-term Reference:

Long position at 72000 and 71500, exit if breaking 71000, target above 74000 targeting 76000

Short position at 73000 and 74000, exit if losing 74500, target below 72500 targeting 72000

Ethereum (ETH) Latest Market Analysis

Before publication, Ethereum is at 2140. Lì Yíng observes that after the 2-hour chart created a new high of 2209, the latest K-line is a large bearish candle that almost swallows the previous bullish candle body, forming a bearish engulfing pattern, indicating heavy selling pressure at the top with strong short-term reversal signals. The daily closing price far below the highest price similarly indicates bullish momentum exhaustion and potential pullback. MACD 2-hour creates new high forming top divergence, signaling weakening upward momentum. EMA bullish arrangement with trend unchanged. But the latest K-line has retraced EMA7, with EMA7 constituting short-term support.

Trading Ideas Reference:

Long position at 2100 and 2120, exit if breaking 2080, target above 2200 targeting 2300

Short position at 2200 and 2210, exit if losing 2230, target below 2150 targeting 2120

The above content is exclusively original by Lì Yíng, please indicate the source when reposting! Article publication review has time delays, market conditions change rapidly, the above suggestions are for reference only with risk assumed by oneself. Hope Lì Yíng's appearance will be helpful to you! $BTC