Bitcoin Stuck at $63,000, Ethereum Bears Still Strong

The current price of Bitcoin (BTC) is stuck at $63,000, leaving many wondering if this is an opportunity or a sign of trouble. According to Li Ying's market analysis, the overall trend may not be broken even though the short-term picture looks bearish. The moving averages are in a bearish alignment, and the 64,000-64,500 range above constitutes heavy resistance.

The MACD indicator shows both DIF and DEA lines trending down, indicating that bearish momentum is still dominating the market. However, the Bollinger Bands suggest there may be a technical rebound. If the price does not break below the lower Bollinger band effectively, there's a chance of an oversold rebound.

For Ethereum (ETH), its current price is $1,874. The EMA7, EMA30, and EMA120 moving averages are nearly overlapping, indicating that short and medium-term costs are similar. Both DIF and DEA on the MACD are negative, suggesting bears still hold an advantage.

Li Ying provides short-term reference levels for both Bitcoin and Ethereum, including long and short entry points, stop losses, and target prices.