Analyst Liang Qiu: On August 11, Bitcoin/Ethereum experienced wide fluctuations back and forth. What is the intention behind this?

CN
8 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here to share my views, I hope that every friend who follows can achieve good returns!

You can follow the public account of analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Ethereum was at the same position last night at this time, and it remains at the same position now, just having a spike breaking the high point before retreating. Bitcoin broke the recent important resistance at 120,000, reaching a high of 122,450, but has since retreated and is now breaking the 120,000 level again. The positions we laid out last night at 4,160 and 118,000 saw the market peak at 122,450 and 4,349, which is still relatively good overall. However, the market is currently breaking down, with a continuous series of bearish candles on the four-hour chart breaking the four-hour low. Although Ethereum has returned to last night's position, since it is a breakdown market, we cannot look at range fluctuations anymore.

After Bitcoin broke the 120,000 level, we can rely on this position to view it as short-term resistance again in the evening. Ethereum can follow the same operation. From a short-term perspective, we can look for a pullback below the short-term resistance at 4,230 to 4,250. In the evening, we will first observe the strength of the rebound, waiting to enter short after a rise, and pay attention to Bitcoin's attempt to reach the 120,000 level again for Ethereum's position. If the trend changes, adjustments need to be made in a timely manner.

Evening operation suggestions: enter short near Bitcoin 120,000 to 120,500, with a target around 118,000; enter short near Ethereum 4,210 to 4,240, with a target around 4,140.

Currently, the market conditions are relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing 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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