Crypto Circle Liying: 3.14 BTC Bulls Suffer Setback at High! ETH Bearish Engulfing Pattern Triggers! 2100 as Last Stronghold! Latest Market Analysis and Trading Suggestions Explained

Bitcoin Current Price 72,200: Liying judges that the current 2-hour chart K-line shows a large bearish candle with strong selling pressure. This K-line almost completely engulfs the previous large bullish candle body, forming a potential bearish engulfing pattern, indicating that bull strength has encountered significant setback at short-term highs. The latest daily chart K-line 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 2-hour MACD, upward momentum is weakening with potential divergence signals, possibly forming a bearish divergence later. The 2-hour EMA shows bullish arrangement with overall trend still upward. EMA7 serves as short-term support, and current price is approaching this level and may find support here.

Short-term Reference:

Long positions at 72,000 and 71,500, exit below 71,000, targets above 74,000 aiming for 76,000

Short positions at 73,000 and 74,000, exit if 74,500 is breached, targets below 72,500 aiming for 72,000

Ethereum (ETH) Latest Market Analysis

Before publication, Ethereum current price 2,140: Liying observes that after the 2-hour chart created a new high of 2,209, the latest K-line is a large bearish candle that almost entirely engulfs the previous bullish candle body, forming a bearish engulfing pattern, indicating heavy selling pressure at the top with strong short-term reversal signals. Daily closing price far below the highest price similarly suggests upward momentum exhaustion and potential pullback. 2-hour MACD created a new high forming bearish divergence, indicating weakening upward momentum. EMA bullish arrangement with trend unchanged. However, the latest K-line has retraced to EMA7, with EMA7 constituting short-term support.

Strategy Reference:

Long positions at 2,100 and 2,120, exit below 2,080, targets above 2,200 aiming for 2,300

Short positions at 2,200 and 2,210, exit if 2,230 is breached, targets below 2,150 aiming for 2,120

The above content is exclusively original by Liying. Reprinting requires attribution! Article release has review delays, markets change rapidly, the above suggestions are for reference only with risk assumed by traders. Hope Liying's analysis proves helpful to you! $BTC