Analyst Liang Qiu: Pay attention to the rebound strength if the low points of Bitcoin/Ethereum on May 24 do not break.

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. After a rapid decline last night, Bitcoin/Ethereum has once again entered a narrow fluctuation range, with a low of around 106700 and 2500, and then began to rebound. The short position we laid out last night has basically reached the targets of 107000 and 2500. Currently, after the market's decline, it is in a narrow fluctuation. Pay attention to the support at 106000 and 2480, which are the points of this round of rise. As long as this position holds, the market will still have a process of repeated consolidation. On the upside, pay attention to the resistance at the high points of 112000 and 2740.

The K-line pattern of Bitcoin/Ethereum has recently shown price fluctuations at high levels, forming multiple long upper and lower shadows, indicating significant uncertainty in the market. After a large fluctuation on the daily level, it has retraced and is currently in a consolidation phase, but the daily low support has not been broken. In terms of technical indicators, the 4-hour MACD shows negative values and is gradually narrowing, indicating a potential rebound demand in the short term, but overall it is still in an adjustment state. Focus on the strength of the rebound and prepare for wave trading based on the lower lows.

Operation suggestions: BTC: Enter around 107000 to 107600, target near 110000; ETH: Enter around 2520 to 2540, target near 2620.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in waves. Specific operations will be guided in real-time. For more strategies, you can follow the public account: Analyst Liang Qiu bb.

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