Analyst Liang Qiu: On August 29, Bitcoin and Ethereum experienced narrow fluctuations. Attached is the evening flight analysis.

CN
6 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 of analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Bitcoin and Ethereum seem to have large fluctuations in the past two days, but overall, the volatility has narrowed compared to the previous days, and the overall continuation of long and short positions is not strong. On the daily chart, under the premise of alternating small bearish and bullish candles, the highs and lows are continuously switching downwards, indicating a trend of oscillating downward movement. On the daily MA indicators, the 7-day, 10-day, and 30-day moving averages have all turned downwards, with resistance at 112000 and 4530, and the pressure level is continuously moving down.

In terms of K-line patterns, the daily level shows that the recent price is gradually declining, forming a clear downward trend. The K-line presents continuous bearish candles, accompanied by long upper shadows, indicating heavy selling pressure above. In the 4-hour cycle, recent K-lines have shown a consolidation trend, but overall, it is still within a downward channel, with the current closing price below the previous low, indicating short-term weakness. On the technical indicators in the 4-hour cycle, both DIF and DEA are below the zero axis and continue to diverge downwards, with green bars expanding, indicating that bearish strength is dominant. The daily level also shows a death cross state, with weakening momentum.

For evening operations, it is recommended to short Bitcoin around 111000 to 111500, targeting around 109000; for Ethereum, short around 4430 to 4450, targeting around 4340.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing 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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