Analyst Liang Qiu: 5.7 Bitcoin/Ethereum Market Analysis

CN
1 day 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 surged again overnight due to news stimulation, reaching as high as 97,700 and around 1,850. Our two public short positions from yesterday successfully hit the target, but we later exited with a stop loss. However, the article repeatedly mentioned paying special attention to the breakout situation of Bitcoin at the 95,000 line for top-bottom conversion. If it successfully breaks and stabilizes, we can chase a short-term long position and capture some space. Grasping the trend is particularly important. Currently, the market has once again retreated after a high in the morning session. Although the surge was strong, it did not break the recent daily high of 98,000 and around 1,870. We can look for pressure and retreat based on the high point.

The hourly and four-hour charts have started to pull back, facing resistance above. We will observe as we go. Continuously pay attention to the gains and losses around the 95,000 line for Bitcoin. Due to recent news impacts, timely adjustments are necessary.

In terms of operations, Liang Qiu suggests entering a short position for Bitcoin around 97,000 to 97,500, with a target near 95,300; for Ethereum, enter a short position around 1,830 to 1,840, with a target near 1,780.

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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