Analyst Liang Qiu: February 10 Bitcoin/Ethereum Market Analysis

CN
1 month 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 of analyst Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum have been oscillating at this position for several days, with weak continuation in both long and short positions. After multiple bottom formations and rebounds, there is hope for a bottom support to form. In fact, during the weekend, this oscillating market only requires a bit more patience; regardless of long or short positions, there will be profits. The concern is frequent stop-loss operations. Currently, Bitcoin and Ethereum on the daily chart have also repeatedly dipped and then recovered, forming a rounded bottom. The probability of a significant rise following this pattern is very high, so pay attention to the bottom support of the real K-line. The hourly and four-hour charts have also begun to resonate and rise. The rise of the rounded bottom pattern will not happen overnight; it will show a process of oscillating rise. Once it breaks through the 98,000 line, the path ahead will be clear.

In terms of K-line patterns for Bitcoin/Ethereum, the recent prices have fluctuated between 95,000 to 98,000 and 2,550 to 2,700, forming a narrow oscillating consolidation pattern. On the daily K-line, there have been multiple small bullish and bearish lines alternating, indicating that the market temporarily lacks a clear direction. In terms of technical indicators on the four-hour cycle, both DIF and DEA are negative, but the MACD histogram is gradually shortening, indicating that the downward momentum is weakening and may turn around.

In terms of operations, Liang Qiu suggests entering long positions for Bitcoin around 96,500 to 97,000, targeting around 99,000; for Ethereum, entering long positions around 2,600 to 2,625, targeting around 2,700.

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.

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