Blockchain Liangqiu: 10.23 Bitcoin/Ethereum as the main focus, along with market analysis.

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顾景辞
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1 year ago

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

This is the first release on the public account. You can follow the public account Trader Liang Qiu, focusing on mainstream coin guidance and layout. Last night, we set up a long position for Bitcoin/Ethereum during the pullback, which surged above 67,800 in the early morning. Following that, today during the day session, we set up a short position for Bitcoin and Ethereum, but the post was published late and did not reach the entry position. After the post, Bitcoin peaked at 67,300 and Ethereum peaked around 2,625, then began to pull back and decline. However, the idea of going long first and then short still aligns with expectations in the short term. Currently, the market has dipped again, with Bitcoin reaching a low of around 66,700 and Ethereum a low of around 2,583. As mentioned earlier, Ethereum is overall weak, and Bitcoin has not effectively broken below its recent low.

The market is oscillating at a high level, with both the hourly and four-hour charts entering an oversold mode. If a downtrend is confirmed, we need to see a significant volume break. Bitcoin needs to break below 66,000, and Ethereum below 2,560. Once the four-hour candlestick breaks down, the market will end its oscillation and upward trend, entering a downward trend channel. However, until it breaks down, there is no need to take action on the breakdown. We still need to pay attention to the important resistance between 68,000 and 68,500.

In terms of operations, take profit on short positions and prepare to enter long positions. For Bitcoin, enter long around 66,400 to 66,700, targeting near 68,000; for Ethereum, enter long around 2,560 to 2,585, targeting near 2,650. The post is effective, and specific guidance will be based on real-time updates.

The post is effective, and specific guidance will be based on real-time updates. 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: Trader Liang Qiu.

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