Blockchain Liangqiu: 10.20 Bitcoin and Ethereum Early Morning Operation Strategy with Market Analysis

CN
5 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!

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. Bitcoin/Ethereum once again consolidated over the weekend. In fact, since Bitcoin broke through 68,000, it has been consolidating multiple times. Last night, it even surged to around 69,000. The overall market remains high, also benefiting from the recent surge in gold. The price of Bitcoin has been fluctuating in the range of 68,000 to 69,000, forming a high-level consolidation pattern. On the daily K-line, a long upper shadow has appeared, indicating strong resistance above. In terms of technical indicators, the MACD on the 4-hour cycle shows both DIF and DEA are negative, and the MACD histogram is green, indicating short-term pullback pressure. Additionally, the trading volume has gradually shrunk in recent trading sessions, which may suggest an increase in market wait-and-see sentiment.

From the daily MA moving average indicators, the recent rise does not show a bullish arrangement trending upwards, but rather a divergent trend, suggesting that bulls may be approaching a peak signal. Moreover, the daily KDJ for both Bitcoin and Ethereum has turned downwards, indicating that the short-term increase has been excessive. Bitcoin has risen nearly 10,000 points over several trading days, making it unwise to chase long positions now. The weekly line is also about to close, and neither Bitcoin nor Ethereum has broken through the important resistance levels of previous weekly candlestick bodies.

In the early morning operations, the focus remains on raising short positions. Enter short positions for Bitcoin around 68,300 to 68,600, targeting 66,500 to 67,000; for Ethereum, enter short positions around 2,650 to 2,670, targeting 2,550 to 2,580. The publication 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, please follow the public account: Trader Liang Qiu.

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