Blockchain Liangqiu: 10.25 Bitcoin/Ethereum avoids taking more space, pullbacks can continue to enter long positions.

CN
1 day 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. Yesterday, we laid out a retracement long position for Bitcoin/Ethereum during the day. In the early morning, Bitcoin reached a high of 68,800 and Ethereum around 2,560. The overall long position strategy was once again validated, and we timely issued a take-profit notice in the morning. All previous posts are visible, including the take-profit on the long position, and clients who took short positions when the market faced resistance above also gained good space. Congratulations to those who followed the strategy. Currently, the market is retracing again. As of now, Bitcoin has dropped to around 67,200, and Ethereum is weaker, reaching around 2,460. We will continue to pay attention to the support levels at 67,000 and 2,450. If the support holds, the market will rebound. On the hourly chart, everything has reached the lower Bollinger Band, especially for Bitcoin, which has not extended downward.

In terms of Bitcoin's candlestick pattern, the recent price has encountered resistance around 68,000 to 68,500, with multiple attempts to break through failing, forming a short-term top. The area between 67,000 and 67,200 has some support, with the price rebounding after several retests. The market is still in a state of fluctuation. On the technical indicators, in the 4-hour MACD cycle, both DIF and DEA are negative, but the MACD histogram shows signs of gradually shrinking, indicating that the downward momentum is weakening, and a rebound may occur.

Continue to enter long positions around 67,000 to 67,300 for Bitcoin, targeting around 68,500; for Ethereum, enter long positions around 2,440 to 2,460, targeting around 2,530. The posts are effective, and specific guidance will be based on real-time updates.

The posts are 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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