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Analyst Liang Qiu: On December 18, Bitcoin/Ethereum experienced another significant pullback. Has the trend changed?

CN
顾景辞
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1 year ago
AI summarizes in 5 seconds.

Follow for more updates, with potential earnings in the millions. Hello everyone, I am analyst Liang Qiu. Here, I share my insights in the hope that every friend who follows can achieve good returns!

This is the first release on the public account. You can follow the public account of analyst Liang Qiu, focusing on mainstream coin guidance and layout. After Bitcoin and Ethereum surged to new highs yesterday, they have since retraced. As of now, Bitcoin has dropped to around 103,200, and Ethereum has also fallen to around 3,810, approaching the important support and resistance level of 103,000. We will continue to monitor this support level and be cautious of a potential dip to the 102,000 line. Our strategy from yesterday involved setting up long positions on the retracement, entering long between 105,000 and 105,800. The price rose to 107,600 in the evening, providing over 2,000 points of space, but then retraced again. This market pullback also offers opportunities to enter long positions. As long as this rhythmic trend does not break the support, the market will likely rise again. We should focus on the main trend of wave trading.

Currently, the overall trend, both structurally and in terms of news, leans towards a bullish upward trend. The outlook remains bullish! Bitcoin has closed above the MA5/10 moving average support for three consecutive weeks on the weekly chart. During the downward fluctuations, a bottom support space is gradually forming. The overall trend is in a wide range of fluctuations, slowly moving upwards. From the short-term hourly chart perspective, after the bears hit the support range and exerted force, the volume has decreased. However, the MACD pattern below has already formed, indicating that there will still be significant upward space in the future.

The current bull market is quite evident, but many people are hesitant to chase or are afraid of entering short positions or getting trapped. I completely understand this psychology. Without sufficient insight into the market, one cannot make judgments, and thus even the best market conditions become irrelevant. Currently, what most people lack is not the market itself, but the ability to control trends and maintain the right mindset!

In terms of operations, enter long positions for Bitcoin around 102,500 to 103,200, targeting around 105,500; for Ethereum, enter long positions around 3,780 to 3,820, targeting around 3,900.

This post is effective, and specific guidance will be based on real-time updates. Currently, the market conditions are relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a wave trading manner. For specific operations, please refer to real-time guidance. For more strategies, you can follow the public account: analyst Liang Qiu.

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