Analyst Liang Qiu: Bitcoin/Ethereum Market Analysis at 1.9

The Bitcoin/Ethereum market briefly dropped to around 92500 and 3200 last night, quickly rebounding after hitting a low. Currently, it continues to oscillate sideways, but there are signs of stabilization in the market. Even if it tests lower levels again during the daytime, it will likely test the support below before rebounding again. The hourly and four-hour charts have also shown some stabilization, so chasing short positions is not advisable. However, for such a short-term rapid decline in market trends, subsequent stabilization and rebound will not be instantaneous and will show a wave-like upward movement, with the lower support referencing last night's low.

In terms of the Bitcoin/Ethereum candlestick pattern, recent prices have shown significant volatility. The current candlestick shows some rebound signs, but overall it is still in a downtrend. The technical indicators show that the current MACD is in the negative zone, and both DIF and DEA are diverging downward, indicating strong bearish forces. Despite a significant decline in the daily MA indicators over the past couple of days, the moving averages do not show obvious signs of turning downward, and given the large short-term decline, there is room for some recovery. The upper resistance levels to reference are 3430 and 96500, and a breakout above these resistances will lead to further upward movement.

In terms of operations, Liang Qiu suggests entering long positions for Bitcoin around 93500 to 94000, with a target of around 96000; for Ethereum, entering long positions around 3300 to 3330, with a target of around 3420. In fact, many friends who have continuously profited from recent layouts can see this clearly. Currently, the market is mainly in a wave pattern, and the publication is effective, with specific real-time guidance as the priority. #比特币价格走势分析