Analyst Liang Qiu: On September 23, Bitcoin and Ethereum quickly fell and then consolidated sideways; the market sentiment has not stabilized yet.

CN
6 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 Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. After Bitcoin and Ethereum ended the weekend's sideways consolidation yesterday, they began to rapidly decline in the morning, followed by sideways fluctuations. However, the overall rebound strength is not strong, and the trend remains weak. There is still room for further decline, especially for Bitcoin, which broke the 113500 support-resistance conversion level and has repeatedly tested this level, rising and then falling back, with the current rebound showing weakness.

In terms of K-line patterns, the daily level shows a continuous decline, currently in a low-level consolidation state. On the 4-hour level, after several consecutive bearish candles, there was a slight rebound, but it still has not broken through the previous important resistance area. In terms of technical indicators, on the 4-hour cycle, both DIF and DEA are negative, and although the histogram has contracted, it remains below the zero axis, indicating a dominant bearish trend; the daily MACD is also in a death cross state, making it difficult to quickly reverse in the short term.

Operational advice: Short Bitcoin around 112300 to 112800, with a target near 111000; Short Ethereum around 4180, with a target near 4080.

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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