Analyst Liang Qiu: 1.4 Bitcoin/Ethereum Market Analysis and Trading Ideas

Bitcoin/Ethereum surged again overnight, with Bitcoin briefly touching around the 99,000 mark. The overall trend is indeed very strong, and it has been a long time since we saw such significant volatility over the weekend. The strategy we laid out last night for a high position short was unfortunately swept away, but with the market reaching around 98,500, this is also an important resistance level for the previous top-bottom conversion. Under the weekend's oscillating market, a pullback is also feasible. Looking at the four-hour level, after the market surged and then fell back, the lows continue to emerge, and there is an expectation for market repair and consolidation.

From the perspective of the daily MA moving average indicators, Bitcoin/Ethereum have all approached the 30-day moving average level. Moving forward, we will see if it can once again break through the moving average with significant volume increase. However, in the short-term moving averages, the 30-day moving average at 3,610 and around 98,300 shows a downward trend, while the 7-day and 10-day moving averages are turning upwards, supporting around 95,500 and 3,450. Currently, the market is rapidly rising to near resistance, making it a good entry point for short positions.

In terms of operations, Liang Qiu recommends entering short positions near 98,000 to 98,500 for Bitcoin, targeting around 96,500; for Ethereum, entering short positions near 3,600 to 3,630, targeting around 3,530. In fact, many friends who have been continuously laying out positions recently and gaining profits can clearly see this. Currently, the market is mainly in a wave pattern, and the publication is effective, with specific real-time guidance being the main focus. #币安全球用户突破2.5亿