Analyst Liang Qiu: After breaking down on September 15, Bitcoin and Ethereum fell as expected. In the evening, we will wait for a recovery before further retracement.

CN
4 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. After Bitcoin and Ethereum broke through the levels of 4600 and 116000 in the afternoon market, I decisively followed with short positions. The strategies in the article and video are all reflected. The market once dropped to 114600 and 4495, and has currently seen some recovery and rebound, but the strength is not significant. The market trend remains weak, with further downward pullback space.

From a technical structure perspective, Bitcoin is currently in a relatively balanced state between bullish and bearish forces. The daily chart shows a bullish arrangement, but trading volume has significantly shrunk, indicating weakened market momentum and a lack of clear direction in the short term. The price is currently oscillating in the range of 115000-116000, forming a high-level consolidation pattern. The 2-hour candlestick chart has continuously closed in the red, and MACD momentum is weakening, indicating a bearish short-term trend. Although the daily MACD is still in the bullish zone, there are signs of a death cross, and we need to be cautious of the volatility risk brought by directional choices. Although Ethereum's moving average system still shows a bullish arrangement and a bullish engulfing pattern has appeared at the support level, the trading volume continues to shrink, reflecting limited market participation, making it difficult to form an effective breakthrough. The daily chart has continuously closed in the red, and the highs and lows on the 2-hour level are moving down simultaneously, indicating an increase in short-term bearish momentum. The MACD and EMA indicators also point to a bearish advantage.

For evening operations, it is recommended to continue shorting Bitcoin around 115300 to 115800, with a target near 113500; for Ethereum, continue shorting around 4540 to 4570, with a target near 4450.

Currently, the market 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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