Analyst Liang Qiu: On August 22, Bitcoin/Ethereum experienced multiple highs and pullbacks. Attached is the analysis of the early morning market conditions.

CN
1 hour 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 Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum has repeatedly surged and then retreated, and the market is showing weakness again, especially Bitcoin has tested the 112,000 line multiple times. Under this trend, it is likely to break down directly. Ethereum has also surged multiple times to over 4,300, with a clear tug-of-war between long and short positions. Subsequently, we expect to see a pullback under pressure at this position.

In terms of K-line patterns, the daily level shows that recent prices are oscillating at high levels, with the market repeatedly surging and then retreating. Bitcoin has weakened first, with a weak rebound. The 4-hour level shows a continuous retracement trend, with high points gradually decreasing and low points slightly increasing, presenting a short-term consolidation pattern. In terms of technical indicators, in the 4-hour cycle, the MACD histogram has turned from red to green, and both DIF and DEA are below the zero axis, indicating that current momentum is weak, but the bearish force is slowing down.

For early morning operations, it is recommended to short Bitcoin around 112,800 to 113,300, with a target near 115,000; for Ethereum, short around 4,260 to 4,280, with a target near 4,160.

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

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