Analyst Liang Qiu: 1.8 Bitcoin/Ethereum Early Morning Market Analysis
Bitcoin/Ethereum ushered in a sharp decline in the evening, and the space for short orders was also directly filled. Friends who follow me know that we repeatedly prompted to pull up short orders last night and tonight, and prompted retracement and repair and consolidation. As a result, many friends still think that they should chase more. After the rapid decline of the current market, the overall decline of Ethereum is relatively large. There is a space of about 300 points from the high point, and the lowest is around 3410. Bitcoin has returned to the lower edge of the previous box structure near 97500. Pay attention to whether the 97000 line can form support in the evening. After all, this position is also the place where the retracement support rose several times in the past few days.
Since the market has reached the lower edge of the box, it will not be directly broken before the break, just like last night and today, it was repeatedly reminded that the pressure above 103000 on the big cake has not been effectively broken. If there is no break, just operate along the box structure.
In the early morning, long orders were directly entered at around 97000 to 97500 for Bitcoin, with a target of around 99000; long orders were entered at around 3430 to 3460 for Ethereum, with a target of around 3550. In fact, the recent continuous layout and continuous profit can be seen clearly by many friends who pay attention. At present, the market is mainly in waves, and the publication is effective, with real-time guidance as the main focus. #BTC重返10万
