Analyst Liang Qiu: Bitcoin's sideways fluctuation on July 27, Ethereum's final madness?

CN
5 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, and I hope 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. Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, and I hope 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. Ethereum showed a significant overall rise over the weekend, while Bitcoin remained relatively flat with sideways fluctuations. The daily and four-hour MA resistance at the 118300 level is quite evident, and it has been hovering around this position. If it continues to consolidate without breaking through, it will likely face further declines. Moreover, once Bitcoin stops consolidating, Ethereum and altcoins will eventually follow suit.

In terms of Ethereum, it surged again in the afternoon to the 3810 level, just a line away from the daily high above. However, there is no need to chase after it before it breaks out. Furthermore, given the current divergence between Ethereum and Bitcoin, the subsequent movements will primarily follow Bitcoin's trend.

Operational advice: Continue to short Bitcoin around the current price of 118200, with a short-term target of around 116500, and if it breaks, look for 115000. For Ethereum, continue to short at the current price of 3790, targeting 3680, and if it breaks, look for around 3550.

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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