Analyst Liang Qiu: 6.1 Bitcoin/Ethereum continues to be sluggish, along with evening market analysis.

CN
3 days 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. Bitcoin/Ethereum have been continuously declining in the market these days, with an overall weak trend. We have repeatedly positioned for a rise and short, continuing to capture space. Additionally, this week's market has also seen a rebound followed by a decline, and the weekly line is currently closing in the red, ending a series of weekly gains, indicating a further downward trend. However, during the holiday period, the market itself is relatively sluggish, in a sideways consolidation. There may be some rebound in the evening, but a rebound does not mean a reversal. From the daily MA indicators, after Bitcoin broke below the moving average indicators, all moving averages have clearly turned downward, with resistance at 105000 and 2550 above.

In terms of Bitcoin/Ethereum K-line patterns, the daily level shows that the recent price has been continuously falling, forming multiple bearish candles, presenting an overall weak pattern. Moreover, the K-line has a long upper shadow, indicating heavy selling pressure above. In the 4-hour cycle, the price has been fluctuating repeatedly, and after a short-term pullback, the rebound has failed to break through key resistance, currently in a low-level consolidation phase. Technically, the 4-hour MACD histogram is gradually shrinking but still in the negative zone, indicating that bearish strength is weakening but has not yet turned strong; the daily MACD has continued to decline after a death cross, with a bearish trend.

Evening operation suggestions: BTC: range around 104500 to 105000, target around 103000; ETH: range around 2520 to 2540, target around 2450.

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 bb.

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