Bitcoin/Ethereum Retracement Long Position Gains Space Again

Analyst Liang Qiu: The weekly closing of Bitcoin/Ethereum in 12022 is approaching, subsequent strategy analysis

The weekend market for Bitcoin/Ethereum remains overall in a volatile trend, but the volatility range for Ethereum is relatively larger and clearly weaker, making it crucial to manage the range fluctuations. On the hourly chart, Bitcoin continues to oscillate between 95,500 and 98,500, while Ethereum should focus on the range oscillation between 3,280 and 3,500. Additionally, short-term volatility is significant, with signs of stabilization on the hourly chart; the market is looking bullish based on support below, while the upper range should pay attention to the pressure situation.

In terms of K-line patterns, recent K-lines for Bitcoin/Ethereum show a clear downward trend, especially after a significant drop at the daily level, leading to a bearish market sentiment, while a short-term consolidation pattern is forming over the weekend. In terms of technical indicators, the current MACD is in the negative zone but shows signs of convergence, indicating that downward momentum is weakening and a rebound may occur. The market trend suggests maintaining positions and following the break, with a focus on controlling trends and waves.

In terms of operations, Liang Qiu suggests entering long positions for Bitcoin around 95,800 to 96,300, with a target near 98,300; for Ethereum, entering long positions around 3,290 to 3,320, with a target near 3,430. In fact, friends who have continuously laid out positions recently have seen significant profits, which can be clearly observed. Currently, the market is wave-oriented, and the publication has practical effectiveness, with specific real-time guidance being the focus. #加密市场盘整