Analyst Liang Qiu: On August 10, Bitcoin/Ethereum weekly bullish trend, focus on trend waves as the main strategy.

CN
2 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 Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum has seen a significant rise this week, especially Ethereum, which has shown a more pronounced overall increase, rising from a low of 3489 to a high of 4331, nearly an 840-point range. The bullish trend is evident, and the pullback has been relatively small, with no effective corrections seen during each major rise. Currently, Bitcoin has started to pick up the pace after Ethereum's rise, and we still need to pay attention to the resistance level around 119000 to 120000. The support level has also been hovering and consolidating around 116000 multiple times over the past few days, coinciding with the previous range of 116000 to 120000.

In terms of K-line patterns, the daily level shows a strong upward trend. On the 4-hour level, recent K-lines have shown a structure of gradually rising highs and lows. Currently, Ethereum has seen some pullback but has also stabilized, indicating that the market is in a clear upward channel. In terms of technical indicators on the 4-hour cycle, both DIF and DEA continue to diverge upwards, and the MACD histogram shows increasing red momentum, indicating that bullish strength is dominant. Additionally, on the weekly chart, Bitcoin and Ethereum have once again closed positively, so pay attention to the momentum situation one hour after the close at eight o'clock tomorrow morning.

For evening trading suggestions, buy Bitcoin around 117500 to 118000, with a target of around 119500 to 120000; for Ethereum, buy around 4140 to 4160, with a target near 4250. For Bitcoin, the resistance is around 119500 to 120000, with a target of around 117500.

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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