Analyst Liang Qiu: 11.1 Bitcoin/Ethereum monthly closing The whole day was a sideways fluctuation, with a main trend of rising and then falling in the early morning.

CN
7 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

You can follow the public account Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum rebounded after forming support following a rapid decline early last night, maintaining continuous fluctuations during the day, and after a surge, it fell back again, with clear short-term pressure above. It is not difficult to see from the market trend that the continuation of both long and short positions and the overall volatility have significantly increased, as can be clearly seen from the two to three hundred point range of Ethereum. After the recent drop, there has been a significant rebound, followed by multiple surges and falls, resulting in sideways fluctuations.

From the four-hour perspective, the market has formed a pressure point at the middle line of the Bollinger Bands and has fallen back. The focus will be on whether the middle line can break through and rise again, specifically around 111500 and the pressure zone of 3900 to 3920. The monthly line is also about to close with a bearish candle, showing a clear previous upward trend, and the overall volatility will gradually increase, with the trend having further weakening space. The main focus remains on the decline during the early hours.

Operational advice: During the day, if the price rises, you can continue to hold or short Bitcoin around 110300-111000 during the early hours, targeting around 108500; for Ethereum, short around 3865-3890, targeting around 3780, with additional targets at 111800 and 3930.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations based on real-time guidance. For more strategies, you can follow the public account: Analyst Liang Qiu bb.

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