Bitcoin/Ethereum have maintained a good rhythm in the overall space these days. I started to lay out long positions on the retracement last night, and right after the long position reached the target, I entered short positions. The overall space is still very good, and Bitcoin/Ethereum even dropped to around 94900 and 3590 at one point. Congratulations to friends who followed the strategy, the space is quite nice. Currently, Bitcoin has directly broken below the recent important support level of 96000, which is also where the 7-day and 10-day moving averages are located. The market will still go through repeated testing processes, and you can handle short positions near 96000. Ethereum can operate in sync.
Recently, the K-line pattern for Bitcoin shows 96000 as the recent low point, which has a certain support effect. Now that it has directly broken this level, it has weakened the market trend. The technical indicator MACD shows enhanced bearish momentum, with both DIF and DEA trending downwards. We need to be cautious of further retracement risks. Recently, trading volume has increased, especially with significant selling pressure at high levels. The daily and four-hour charts have also begun to pull back, indicating further space for decline.
In the evening operation, continue to enter short positions for Bitcoin near 95600 to 96000, with a target around 94000; for Ethereum, continue to enter short positions near 3630 to 3660, with a target around 3570.
The post is effective and should be based on real-time guidance. Currently, the market is relatively good. I recommend trading altcoins such as ORDI, LPT, SOL, and UNI on a swing basis, with specific operations based on real-time guidance. For more strategies, you can follow the public account: Trader Liang Qiu.
