Analyst Liang Qiu: 1.8 Bitcoin/Ethereum Market Analysis

Bitcoin/Ethereum started to fluctuate and accelerate downwards around 10 PM last night. Ethereum dropped directly by 400 points from its peak, with a strong bearish trend. This decline seems more like an emotional release. The focus moving forward will be on whether the lower bound of the daily box at 3300 and 95000 can continue to break down. If it breaks again, the market will face another decline. Recently, there has been a noticeable selling pressure in the Bitcoin/Ethereum candlestick pattern, forming a large bearish candle. The recent candlesticks show a downward trend, accompanied by increased volume. On the technical indicators, the MACD fast and slow lines have been diverging downwards after a death cross at a high position, indicating that bearish forces are dominant. The RSI has retreated from the overbought zone and is currently in a neutral to weak area (38.2), with further downward space. However, there may be a rebound at the lower bound of the box, which can be used for stop-loss.

In terms of operation, Liang Qiu suggests entering long positions for Bitcoin around 95500 to 96000, with a target near 98000; for Ethereum, entering long positions around 3300 to 3330, with a target near 3400, and stop-loss at 95000 and 3280. In fact, many friends who have been continuously positioned recently are clearly seeing profits. Currently, the market is primarily in a wave pattern, and the publication is effective, with specific real-time guidance as the main focus. #加密市场回调