Analyst Liang Qiu: 1.7 Bitcoin/Ethereum Evening Market Analysis

Bitcoin/Ethereum has been in sideways fluctuation since the price surge last night, with overall volatility not being very large. Our previous strategy of setting a short position at 102400 and 3710 during the upward movement has led to multiple highs and subsequent pullbacks. The overall trend for Bitcoin remains relatively strong, with minor pullbacks, hitting a low of around 101300, while Ethereum directly reached around 3650, indicating limited space and a relatively slow market trend, which requires a bit more patience. Last night, we repeatedly emphasized that Bitcoin is currently close to the important resistance level of 103000, so pay attention to the pressure at this position.

From the daily MA indicators, the 7-day, 10-day, and 30-day moving averages have all started to turn upwards, indicating a strong trend. We need to pay attention to support at the moving averages of 3580 and 99000, which are still a distance away from the current level, allowing space for further pullback and consolidation. The recent K-line patterns for Bitcoin/Ethereum have shown a clear upward trend, but there has also been multiple high points with pullbacks, indicating some selling pressure at higher levels. Technically, both the DIF and DEA indicators are positive and continuously rising, with the MACD histogram also showing red, indicating that we are currently in a bullish market. However, the histogram has shortened recently, so we need to be wary of potential pullback risks. This evening, we will focus on market correction and consolidation, expecting high points followed by pullbacks. However, as long as the moving average support below remains effective, there is still room for further upward movement.

For evening operations, Liang Qiu suggests entering short positions for Bitcoin around 101800 to 102300, targeting around 100000; and for Ethereum around 3680 to 3710, targeting around 3600. In fact, many friends who have been continuously placing trades recently have been able to see clear profits. Currently, the market is mainly in a wave pattern, and the effectiveness of this analysis is real-time guided. #BTC重返10万