Analyst Liang Qiu: 5.8 Bitcoin/Ethereum has strongly broken through, how sustainable is it?

CN
11 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 of analyst Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum's market last night first dropped to around 95700 and 1785, then began to fluctuate and rise. As of now, Bitcoin and Ethereum have directly risen to around 99200 and 1900, respectively, with a clear bullish trend. Currently, this market fluctuation can be considered the end of several days of sideways movement, which is also conducive to a trend change. However, since the low point last night, Bitcoin has risen by 3500 points and has more than 100 points of space, especially as Bitcoin approaches the daily resistance level near 99500, with a significant psychological barrier at 100000 above.

As for Ethereum, the daily candlestick focuses on the resistance between 1920 and 1950. The daily level has started to show increased volume and the daily MA indicators are beginning to turn upwards, indicating a clear bullish trend. All lower supports are starting to rise, and the overall bullish trend remains intact. After a pullback to gather strength, it will continue to rise. It is necessary to manage the trend waves, but in the short term, it faces pressure after the rise. The lower support to watch is the daily MA 7-day and 10-day moving averages at 96000 and 1800.

In terms of operations, Liang Qiu suggests entering a short position for Bitcoin around 99200 to 99500, with a target near 97500; for Ethereum, enter a short position around 1895 to 1910, with a target near 1840, and set stop losses at 100300 and 1935.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in waves, with specific operations based on real-time guidance. For more strategies, you can follow the public account: analyst Liang Qiu.

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