Trader Liang Qiu: 12.2 Bitcoin/Ethereum first long then short, pay attention to the support below.

CN
9 hours ago

Bitcoin/Ethereum has repeatedly reminded us of the pullback long position strategy in the past few days, including another reminder for entering long positions during the evening. However, the entry is relatively conservative. Ethereum has shown a decent overall rise and has once again broken through the recent high point. Bitcoin's volatility has noticeably decreased, and it started to pull back without even touching the upper level of 98,000. On the hourly chart, Bitcoin/Ethereum has begun to pull back. In the evening, we can observe a rise followed by a pullback, paying attention to the support levels around the moving averages at 96,000 and 3,630. After taking profits on long positions in the early morning, prepare to enter short positions. Those who find it difficult to maintain the rhythm of operations can communicate and discuss more.

Enter short positions for Bitcoin around 97,500 to 98,000, targeting around 96,200; enter short positions for Ethereum around 3,730 to 3,750, targeting around 3,660. Currently, the market conditions are relatively good, and I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner. Specific operations should be based on real-time guidance. For more strategies, you can follow the public account: Trader Liang Qiu.

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