Analyst Liang Qiu: 4.8 The cryptocurrency market is experiencing a bloodbath. How will the rebound of Bitcoin/Ethereum continue?

CN
8 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 of analyst Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin and Ethereum have maintained a downward trend in the past few days, with previous lows being continuously broken. There was a rebound from evening to early morning, and the current price is rising around the 80,000 line. The daily chart still shows a weak consolidation trend, and it is expected that the market will rise and then fall back.

Looking at the four-hour chart, the current price rebound has reached the middle track resistance area, but it has not broken upwards again. There is already a pressure-induced decline. If the rebound cannot continue for a long time, once the bullish momentum is exhausted, there is a risk that the intraday gains may be swallowed again.

Although the price has rebounded, it has not broken through the resistance area, and the bullish strength is gradually weakening. The MACD histogram on the four-hour level has turned from negative to positive, indicating that short-term momentum has increased, but the fast and slow lines are still in the negative zone. There is a short-term rebound, but the strength is not significant, and the overall trend remains weak, so it is expected that the weak oscillation pattern will continue. Additionally, the impact of tariff policies still exists, and major news has not changed. However, the daily level has stabilized somewhat in the short term. Pay attention to the support at 77,000 and 1,480 below, while the resistance above refers to the spike at 81,000 and the 1,640 line.

In terms of operations, Liang Qiu suggests entering a short position for Bitcoin around 80,000 to 80,500, with a target near 78,000; for Ethereum, enter a short position around 1,600 to 1,620, with a target near 1,520.

Currently, the market 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.

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