Analyst Liang Qiu: Ethereum broke new highs and then fell back on August 25, while Bitcoin broke key support.

CN
11 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 surged last night and quickly fell back in the early morning. Ethereum even broke its historical high, reaching around 4958, and then began to decline. However, the drop was not as significant as expected, as the previous pullback level around 4650 was not touched, and the short-term trend has not broken down. Bitcoin, on the other hand, broke below the 112000 level to around 110500, then rebounded. Currently, the overall trend is unclear, with resistance above and support below.

In terms of K-line patterns, the daily level shows that after a significant price increase, it has entered a high-level consolidation range, forming a long upper shadow indicating heavy selling pressure above. On the 4-hour level, there have also been multiple instances of surging and then falling back, with high points gradually decreasing and low points showing some support, presenting a short-term weak adjustment pattern. In terms of technical indicators, both the 4-hour level DIF and DEA are in the positive zone, but the histogram has turned from red to green and continues to shrink, indicating weakening momentum; the daily MACD still maintains a golden cross state but shows signs of divergence.

Operational suggestions: Short Bitcoin around 112800 to 113300, targeting around 111500; Short Ethereum around 4730 to 4750, targeting around 4650.

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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