Liying Warns Against Leverage in Latest Crypto Analysis
Liying Crypto Talk provided an analysis of Bitcoin (BTC) and Ethereum (ETH) on September 20. According to Liying, Bitcoin's price is currently at 81,700, and it has passed the psychological level of 80,000.
Liying stated that beyond this point, it's not about technical skills but rather mindset. He warned against using leverage, saying 'if your principal is gone, it's really gone.'
Liying also offered short-term trading ideas for Bitcoin, including a potential short position entry at 83,000 with a stop loss at 83,500 and target at 81,500.
Ethereum was also analyzed by Liying, who noted that the price is currently at 2,640. He emphasized the importance of not being greedy and using leverage, as this can increase risk.
Liying pointed out a bullish alignment in the moving averages and a bearish cross in the MACD, indicating a consolidation phase rather than a downtrend.