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 "I am Liang Qiu," focusing on mainstream coin guidance and layout. Bitcoin and Ethereum have been experiencing narrow fluctuations these past few days. Yesterday, I laid out a strategy of shorting first and then going long after a rise, especially when Bitcoin reached the 92600 level and Ethereum the 3080 level, allowing for a direct short position which then dropped to 90200 and 3010, providing a good overall space. Following that, the long position set in the early morning did not reach the entry point before starting a weak rebound. In fact, I have emphasized multiple times in the past few days that during such fluctuating market conditions, it is best to take advantage of the space, as both long and short positions can perform well. The daily chart for Bitcoin showed a long upper shadow after a high yesterday, closing bearish, and today's rebound strength is also not strong, indicating a continuation of the bearish trend, with signs of a weakening trend emerging.
In terms of K-line patterns, the price has been fluctuating recently, forming a slight wave consolidation pattern. After last night's high, it failed to maintain a strong upward trend. On the technical indicators in the 4-hour cycle, the MACD histogram is gradually shortening, indicating a weakening of bullish momentum; on the daily level, it remains above the zero line, but the fast and slow lines are tending to converge, requiring attention to the subsequent direction choice. The 4-hour MA moving averages are forming a new round of pressure, and the market is expected to enter a correction phase again.
Operational suggestions: Short Bitcoin around 91000 to 91500, targeting around 89000; Short Ethereum around 3030 to 3050, targeting around 2960, and if it breaks, continue to look down.
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: I am Liang Qiu.
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