Trader Liang Qiu: 12.2 Bitcoin/Ethereum long and short take profit. How to operate next?

CN
4 hours ago

Bitcoin/Ethereum have been performing quite well in the overall market rhythm these days. I started to set up long positions during the pullback last night, and right after the long positions reached the target, I entered short positions. The overall market is still looking good, with Bitcoin/Ethereum even dropping to around 94900 and 3590 at one point. Congratulations to those who followed the strategy; the market space is quite favorable. Currently, Bitcoin has directly broken below the recent important support level of 96000, which is also where the 7-day and 10-day moving averages are located. The market will likely go through a process of repeated testing, and short positions can be considered near the 96000 level, with Ethereum operating in sync.

Recently, the K-line pattern for Bitcoin shows 96000 as a recent low point, providing some support. However, breaking this level has weakened the market trend. The technical indicators show that MACD indicates an increase in bearish momentum, with both DIF and DEA trending downward, so we need to be cautious of further pullback risks. The trading volume has recently increased, especially with significant selling pressure at high levels. The daily and four-hour charts have also begun to show a pullback, indicating further downward space in the market.

For evening operations, continue to enter short positions for Bitcoin around 95600 to 96000, targeting around 94000; for Ethereum, continue to enter short positions around 3630 to 3660, targeting around 3570.

The post is effective, and specific operations should be based on real-time guidance. Currently, the market conditions are 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, please follow the public account: Trader Liang Qiu.

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