Analyst Liang Qiu: Market Trends of Bitcoin/Ethereum in Narrow Fluctuations on March 26

CN
5 days 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 of analyst Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum has been in a sideways consolidation for more than half a month, and after a surge the day before yesterday, the market has once again entered a sideways consolidation mode. The continuation of long and short positions is not strong. The high short positions we laid out last night also did not have much space overall, with Bitcoin fluctuating back and forth in a range of a thousand points, and Ethereum also moving back and forth in a range of thirty to forty points. The market has built a bottom multiple times and is expected to welcome a new round of upward movement. From the daily MA indicators, Bitcoin and Ethereum have started to rebound after multiple dips below the 7-day and 10-day moving averages, and all moving averages are turning upwards, with support moving up. Pay attention to the moving average support at the 2020 and 85000 levels below.

In terms of the K-line shape for Bitcoin/Ethereum, the recent price has formed a slight fluctuation consolidation pattern. On the technical indicators, MACD and DIF are close to convergence with DEA. After the MACD histogram turned from negative to positive, it has shortened again, indicating a relatively balanced power between long and short positions, with an unclear trend. The four-hour mid-track has not been broken, and we look bullish relying on the mid-track and moving average support above. This pattern of rising followed by sideways consolidation is also a typical continuation pattern in an upward trend.

For evening operations, Liang Qiu suggests entering long positions for Bitcoin around 86800 to 87300, with a target near 89000; for Ethereum, enter long around 2030 to 2050, with a target near 2120.

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.

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