Blockchain Liangqiu: 10.16 Bitcoin/Ethereum Operation Strategy with Market Analysis

CN
17 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!

First published on Weibo, you can follow Weibo Blockchain Liang Qiu, focusing on mainstream coin guidance and layout. After Bitcoin and Ethereum experienced significant fluctuations overnight, many people have started to get restless again. This reminds me of the many people who were hyping about 10,000 and 14,000 points in the A-share market during the National Day holiday, only to be brought back to reality. The cryptocurrency market is like the stock market; many people shout for 70,000 when they see prices rise and are strongly bullish, but when prices fall, they shout for 50,000 and are strongly bearish. Looking back at this round of market trends, Bitcoin has risen nearly 9,000 points from its low, and Ethereum has risen nearly 400 points. As the rise approaches its end, there are still calls for further increases, while the low points are being used to wash out positions. And what about last night's high?

Currently, Bitcoin and Ethereum's weekly and daily charts are close to some important previous high points, and the upward momentum is gradually showing signs of fatigue. Bitcoin at 68,000 and Ethereum at 2,700 are also important resistance levels. The MA moving average indicators are still supported at around 2,500 and 63,000, and the market needs further repair and consolidation. Currently, I still see a rise followed by a fall, and even a potential series of declines or significant drops.

In terms of operations, for Bitcoin, enter a short position around the current price of 67,200 to 67,500, with a target of 65,500; if it breaks, look for around 64,000. For Ethereum, enter a short position around the current price of 2,620 to 2,640, with a target of 2,550; if it breaks, look for 2,460. The publication is time-sensitive, and specific guidance will be based on real-time updates. Currently, the market outlook is relatively good, and 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 Weibo: Blockchain Liang Qiu.

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