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 surged in the afternoon yesterday, reaching a high of 4574 and around 118550, then fluctuated and declined significantly. The Kongsan Silk Road, which we repeatedly reminded in our videos yesterday afternoon and early morning, also fell as expected, with overall space still looking quite good. Currently, the market has dropped to a low of around 114900 and 4248, not too far from the previous box support below. There is no need to chase long positions; we can look for a rebound first, but we also need to pay attention to any breakdowns below.
In terms of K-line patterns, the daily level shows that after a recent price surge, there has been a continuous decline, forming a clear downward trend. The last two days have seen consecutive bearish candles, breaking below previous low support. On the 4-hour level, a "head and shoulders" pattern is forming, with the right shoulder confirmed to have broken below the neckline around 4450. Technical indicators on the 4-hour cycle show that both DIF and DEA are operating below the zero axis, and the histogram is expanding, indicating an increase in bearish momentum. The daily level also shows a death cross, with bears in control. However, in the short term, as the market drops to the lower edge of the previous box structure, we can look for a rebound, with resistance at 4400 and 119000 remaining unchanged.
Trading suggestions: Bitcoin around 114500 to 115000, target near 117000; Ethereum around 4230 to 4260, target near 4350.
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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