Analyst Liang Qiu: On October 19, Bitcoin/Ethereum surged again, but the weekly level is still in a downtrend.

CN
3 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. The overall market for Bitcoin/Ethereum over the weekend has shown a tendency to fluctuate, and subsequently, due to the Gaza conflict, there was a rise, reaching a high of around 108200 and 3960. The overall increase was relatively significant. From the daily MA moving average indicators, the 7-day and 10-day moving averages are still in a downward turning area, just around 3980 and 108500. Especially, before Bitcoin breaks and stabilizes above 108000, the market will continue to experience repeated highs and subsequent declines.

The three-hour and four-hour Bollinger Bands are beginning to narrow and show a downward trend. Currently, the market has reached the upper band area, which is a key point. Tomorrow morning at 8 AM, the weekly closing is still in a bearish state, and the overall downward trend has not changed significantly. The weekly market is likely to continue moving down towards the 3650 and 103000 levels. In the evening, we can continue to pay attention to the daily MA moving average pressure situation, focusing on the main trend of rising and falling.

Evening operation suggestions: short Bitcoin around 107600 to 108200, with a target near 105500; short Ethereum around 3920 to 3950, with a target near 3840. If it breaks down, we can continue to look down towards 104000 and 3760.

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

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