Bitcoin Trend Reversal Imminent, Ethereum Consolidates Ahead of Breakout

Bitcoin's current price is around $78,600, and while it may seem stagnant, Liying believes this is actually a sign of an impending trend reversal. The market has been consolidating after reaching $81,500, which is similar to a pit stop during a marathon where the participants digest their previous gains.

The EMA system shows a typical bull pattern converging, indicating that the long-term trend remains positive but short-term momentum is lacking. The MACD indicator's DIF and DEA values are close together, suggesting that the market is gathering strength. Additionally, the Bollinger Bands are contracting sharply, with the upper band at $79,045 and the lower band at $77,429.

According to Liying, the tighter the squeeze, the more explosive the subsequent move will be. The price is currently near the middle band, so a decisive direction could happen at any moment. For short-term strategy reference, Liying suggests a long setup: buying between $78,500 and $78,000 with a stop loss of 500 points, aiming for $80,000 to $81,000.

Ethereum's current price is around $2,475, which has been consolidating for several days. This sideways movement is waiting for direction, and Liying advises observing carefully before acting, as it could easily get whipsawed. The technical indicators show EMA7 at $2,449, EMA30 at $2,453, and EMA120 at $2,403.

The price is above all moving averages, indicating the bullish trend is intact. However, a breakout above $2,500 with volume is needed to confirm trend continuation. For short-term entry reference, Liying suggests a long setup: buying at $2,460 with a defense at $2,420 and a stop loss of 40 points, aiming for $2,520 to $2,570.