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Trader Liang Qiu: 11.24 Bitcoin/Ethereum Early Morning Trading Strategy with Market Analysis
It was indeed unexpected for Ethereum to have such large up and down spikes over the weekend. In fact, during the significant rise of most altcoins today, it is not surprising that Ethereum, as the largest altcoin leader, would have a wave of catch-up as well. Currently, two points need attention: first, can Bitcoin continue to break through the daily high of 99660 and reach near the 100,000 mark? Secondly, how sustainable is the rise of altcoins? If it is due to the final peak phase, then once Bitcoin starts to retrace, altcoins including Ethereum will collectively decline rapidly.
From the four-hour price perspective, Bitcoin has confirmed that it has entered a retracement and downtrend phase, with a continuous decline over the past four hours. In the early morning, we need to pay attention to whether it can break the low point of yesterday around 97100. On the daily line, Bitcoin has also begun to weaken. If there is no significant rebound in the evening, the subsequent bears may have further room to move. For Ethereum, we refer to the evening high point as the new pressure zone.
In the early morning operations, Bitcoin short positions should be entered around 98300 to 98800, targeting around 96500; Ethereum short positions should be entered around 3430 to 3450, targeting around 3340. Currently, the market is primarily in a wave pattern, and the writing has practical effectiveness, with specific real-time guidance as the main focus. #BTC创历史最大月度涨幅 #ETH市场新动向
It was indeed unexpected for Ethereum to have such large up and down spikes over the weekend. In fact, during the significant rise of most altcoins today, it is not surprising that Ethereum, as the largest altcoin leader, would have a wave of catch-up as well. Currently, two points need attention: first, can Bitcoin continue to break through the daily high of 99660 and reach near the 100,000 mark? Secondly, how sustainable is the rise of altcoins? If it is due to the final peak phase, then once Bitcoin starts to retrace, altcoins including Ethereum will collectively decline rapidly.
From the four-hour price perspective, Bitcoin has confirmed that it has entered a retracement and downtrend phase, with a continuous decline over the past four hours. In the early morning, we need to pay attention to whether it can break the low point of yesterday around 97100. On the daily line, Bitcoin has also begun to weaken. If there is no significant rebound in the evening, the subsequent bears may have further room to move. For Ethereum, we refer to the evening high point as the new pressure zone.
In the early morning operations, Bitcoin short positions should be entered around 98300 to 98800, targeting around 96500; Ethereum short positions should be entered around 3430 to 3450, targeting around 3340. Currently, the market is primarily in a wave pattern, and the writing has practical effectiveness, with specific real-time guidance as the main focus. #BTC创历史最大月度涨幅 #ETH市场新动向
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