Bitcoin/Ethereum pullback long positions have gained space again

Analyst Liang Qiu: 1.5 Bitcoin/Ethereum Weekly Close Approaching - Focus on Moving Average Support

Bitcoin/Ethereum have recently surged and are now consolidating at high levels, showing a trend of further strengthening. The lower lows are continually rising, and the highs are also on the rise. However, at this point in the market, it is crucial to pay attention to breakout situations. From the daily MA moving average indicators, Bitcoin and Ethereum have continued to rise since breaking above the 7-day and 10-day moving averages. The weekend's consolidation appears to be a transition within an upward trend, also indicating a continuation pattern in the upward movement. Moreover, the 7-day and 10-day moving averages are turning upwards, with support consistently moving higher. Focus on the support strength around 96000 to 96500 and the 3540 level.

In terms of Bitcoin/Ethereum candlestick patterns, they have recently fluctuated around 98000 and 3600, forming a noticeable consolidation range. There was a rapid increase earlier accompanied by volume, but it was followed by a period of consolidation at high levels. Technically, both the DIF and DEA are currently in positive territory, but the MACD histogram shows signs of gradually shortening, indicating that bullish momentum is weakening, and there is some room for market correction. The weekly close is also approaching, continuing to close positively, and in the short term, it will rely on the moving average support for a wave of upward movement. However, once the moving average support is broken, the market will weaken.

In terms of actions, Liang Qiu suggests entering long positions for Bitcoin around 96600 to 97200, targeting near 99000; for Ethereum, enter long positions around 3560 to 3590, targeting near 3680. In fact, friends who have continuously positioned recently have seen significant profits, and this is clear to all. The current market is mainly in waves, and this post is timely, with specific real-time guidance being the priority. #比特币走势观察