Analyst Liang Qiu: On August 20, Bitcoin/Ethereum short positions achieved another great victory. A rebound can be observed in the early morning.

CN
5 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's short position strategy was re-established above 4300 in the evening and has since dropped to around 4145. Bitcoin's volatility is not very large; in the early morning, pay attention to the integer support level of 4100 and the support line of 113000 for a potential rebound. However, the overall trend remains bearish, with clear pressure from above, and the highs and lows continue to decline. The daily and four-hour charts show consecutive bearish trends, with resistance at 4300 and 116000 above.

In the early morning, the operation suggestion is to go long on Bitcoin near the current price of 113200, targeting around 115000; for Ethereum, go long near 4140, targeting around 4250, with support at 112000 and 4090.

Currently, the market conditions are 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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