Li Ying in the Crypto Circle: Latest Market Analysis of Bitcoin on April 29

Article published on April 29, 2025 — 01:00 AM

The current price of Bitcoin is 94,000. The ideas presented in Li Ying's article yesterday have been validated again, with a short position at 95,000 closing at 94,000. Although the range is not large, it is relatively acceptable in a volatile market. There is no rush to chase long positions as the bottom support has not stabilized yet. Currently, the candlestick chart is fluctuating around 94,000, forming a relatively obvious range of volatility. The daily chart shows multiple upper shadows, indicating significant pressure above. The 4-hour MACD shows a weakening of short-term downward momentum, and the short position has not yet completed. The EMA short-term trend is unclear, but the medium to long-term trend remains upward. Li Ying maintains a low long position strategy and does not consider short positions for now, focusing primarily on long positions.

Today's Point Predictions by Li Ying

• Long position entry at 93,000, add at 92,000, stop loss at 500 points, target 95,000
• Short position entry at 95,000, add at 96,000, stop loss at 500 points, target 94,000

Ethereum Analysis

The current price of Ethereum is 1,760. Before publication, it briefly reached above 1,750, but the short position is quite evident, so there is no rush to enter the market. Ethereum shows weakness in upward movement, but strong downward momentum needs attention. Currently, the candlestick chart shows a downward trend, with prices retreating from high levels. There are multiple long upper shadows, indicating heavy selling pressure above. The technical indicator MACD has formed a death cross, suggesting possible continued adjustment in the short term. The EMA7 has fallen below EMA30 and is gradually approaching EMA120. Li Ying judges that the short-term trend is weakening, and with insufficient bullish momentum, it is likely that the main force will break the previous low again. Therefore, there is no rush to enter long positions; it is better to wait for the market trend to develop.

Today's Latest Point References

• Long position entry at 1,700, add at 1,680, stop loss at 30 points, target 1,800
• Short position entry at 1,800, add at 1,820, stop loss at 30 points, target 1,720

The above analysis by Li Ying is based on market data and trend analysis of the order book and does not constitute investment advice. It is for reference only. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Li Ying feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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