Analyst Liang Qiu: 5.9 Bitcoin/Ethereum Market Analysis in the Early Morning

CN
2 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

You can follow the public account of analyst Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum has been on a strong upward trend since last night, and we have repeatedly emphasized in our previous articles that the overall trend still leans towards bullish. There will be short-term pullbacks, and while making high short positions, it is necessary to set good stop losses. However, the market has been rising steadily, and the pullback has been relatively small. As of now, Bitcoin has once again broken through the 100,000 mark, reaching around 101,500, while Ethereum has also broken through the 2,000 mark, reaching around 2,075. The overall trend is very strong, with an increase of 6,000 points and 300 points from last night's low to now.

The market has risen significantly in the short term, and it has now eased somewhat. In the early morning, we mainly look for pullbacks, especially paying attention to whether the market will stabilize at the 99,000 mark by 8 AM tomorrow. Once it stabilizes, there will still be room for upward movement after gathering strength. The short-term resistance to watch above is 102,000 and around 2,100.

In the early morning operations, Liang Qiu suggests entering short positions for Bitcoin around 101,300 to 101,800, with a target near 99,500; for Ethereum, enter short positions around 2,060 to 2,080, with a target near 1,980, and stop losses at 102,800 and 2,120.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations based on real-time guidance. For more strategies, you can follow the public account: analyst Liang Qiu.

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