Analyst Liang Qiu: On October 27, Bitcoin/Ethereum short positions still have further room to decline.

CN
10 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. During the afternoon market surge of Bitcoin/Ethereum, we laid out positions around 116000 and near 4250, and the market has now opened up space, with Ethereum gaining nearly 100 points. However, I want to emphasize that the current market is showing wide fluctuations, and the decline has not ended. The hourly chart shows multiple bearish candles, with initial support at 113600 and around 4060. The four-hour chart also shows a rise followed by a drop, especially with Ethereum closing with a long upper shadow and a bearish candle, indicating a weakening trend. It’s advisable to manage positions in waves or hold patiently, waiting for the market to decline further, with reference targets at 113600 and 4060.

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 bb.

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