Analyst Liang Qiu: On September 4, Bitcoin and Ethereum surged again before retreating. The market still has further downward space.

CN
1 day 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 and Ethereum surged again last night, after a night of volatility, they rose and then fell in the morning session. As of now, Bitcoin has reached a low of around 110,600 and Ethereum around 4,370. We repeatedly reminded about the trading strategy last night, especially with multiple video reminders to enter around 112,000 and 4,470. The overall space is still quite good. Currently, the market has broken below the four-hour midline, and in this wide-ranging market, it won't just pull back a little and stop. The market will further test the support levels around 109,000 and 4,280.

In terms of K-line patterns, the daily level shows that prices have been fluctuating at high levels recently, with a long upper shadow bullish candle formed yesterday, indicating heavy selling pressure above. In the four-hour cycle, there have been consecutive bearish candles indicating a pullback, and the bullish momentum has weakened in the short term. On the technical indicators, both the four-hour DIF and DEA are negative, and the MACD histogram has turned from green to red, indicating a bearish advantage; however, the daily level is still near the zero axis, with both bullish and bearish forces in a stalemate.

Operational advice: continue to enter Bitcoin around 111,000 to 111,500, targeting around 109,000; for Ethereum, continue to enter around 4,400 to 4,430, targeting around 4,300.

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 bb.

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