Analyst Liang Qiu: On October 14, Bitcoin continues to fluctuate within a range, while Ethereum's overall volatility has intensified.

CN
7 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. Ethereum has seen a significant increase in overall volatility in the past two days, with the highest point reaching around 4290 last night. Our position in Kongdan was unfortunately stopped out, but we managed to recover losses by entering a short position again during the rise. Bitcoin, on the other hand, has not broken the recent high of 116000 and has started to decline. Kongdan can still capture some space, and the market surged before entering a range of fluctuations. Currently, the market has fallen back after surging last night, and the daily line is basically encountering resistance at the middle track of the Bollinger Bands, with the downtrend not yet stabilized. The market is expected to further decline and consolidate.

After the surge last night, there is now a clear downtrend, with a bearish engulfing pattern resonating with the bearish arrangement of moving averages. A local high has formed on the 2-hour chart before the decline, and it is currently in a phase of consolidation. On the technical indicators, the MACD 2-hour momentum is weakening, and the daily MACD may be brewing a rebound, but the EMA 2-hour short-term moving average is under significant pressure, and the daily line is in a bearish arrangement, indicating an overall weak trend.

Operational advice: Enter short positions for Bitcoin around 113700 to 114300, targeting around 112000; for Ethereum, enter short positions around 4135 to 4160, targeting around 4050.

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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