Analyst Liang Qiu: On October 30, Bitcoin/Ethereum data began to decline before the start, and we will continue to observe a rise and fall in the early morning.

CN
4 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. Bitcoin/Ethereum's evening market once again surged and then fell below the early morning lows of 112,000 and 3,930. The overall trend clearly continues to weaken, and the rebound is weak. The upper levels of 113,500 and 4,030 will again serve as short-term support and resistance, looking for a pullback and decline. The long positions we laid out during the day have also exited, as there is no need to hold on stubbornly with data events in the evening; it’s better to seize the opportunity to take space. Currently, the market has broken the box structure and is extending downwards, with the trend already weakening. In the early morning, focus on the data after two o'clock, mainly looking for a surge and then a fall, as the data market has large fluctuations, so manage risks well.

The daily line shows a three consecutive bearish trend, indicating further weakening space. The daily line has been falling from the high points of the past two days, with the lows continuously moving down, in a trend of oscillating downward. The four-hour K-line also shows consecutive bearish candles with weak rebound strength. On the technical indicators, both the DIF and DEA in the four-hour cycle are operating below the zero axis, and the MACD histogram is green and continues to expand, indicating that the bearish strength is dominant. In the early morning, look for a rise to enter short positions.

The operation suggestion for the early morning is to enter short positions for Bitcoin around 111,700 to 112,300, with a target near 109,500; for Ethereum, enter short around 3,990 to 4,020, with a target near 3,880, and for the nephew at 113,000 and 4,060.

Currently, the market is relatively good, recommending altcoins ORDI, LPT, SOL, and UNI for swing trading. 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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