Analyst Liang Qiu: On December 17, Bitcoin/Ethereum bulls set new highs again. How sustainable is this?

CN
1 month ago

Follow for more updates, earn millions. Hello everyone, I am analyst Liang Qiu. Here, I share my views and hope that every friend who follows can achieve good returns!

This is the first release on the public account. You can follow the public account of analyst Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin and Ethereum have repeatedly laid out long positions during pullbacks for several days, and those who followed have been continuously profiting. Currently, Bitcoin and Ethereum have once again broken through new highs overnight, with Bitcoin reaching as high as around 108,000, and Ethereum also breaking the previous high to reach the 4,109 level. The bullish trend is clear, and there is still a lot of room for further upward movement. Many friends are afraid when the price rises and also afraid when it falls, frequently trading without any patience. It’s hard to do well in trends. To be honest, this mindset is not as good as adjusting properly. Even if you are right about the trend, if you can't hold on, it’s all in vain.

In terms of Ethereum's candlestick pattern, it is currently fluctuating around 4,000, forming a relatively obvious oscillation range. The previous difficult resistance level of 3,920 to 3,950 will now become the new support level. On the technical indicators, the MACD's current DIF and DEA are both trending upwards, and the MACD histogram shows positive values, indicating that bullish strength is dominant in the short term, but divergence risks should be noted. However, due to Bitcoin's overall strong upward movement, Ethereum may still have some room for catch-up. In yesterday's daytime article analysis on Bitcoin, I emphasized the previous level of 103,000 as a short-term top-bottom conversion point. Last night, it just retraced to around 103,200 and began to rebound, which is in line with expectations. Currently, the daily line continues to close positively, and we can continue to enter long positions during pullbacks in line with the trend.

In terms of operations, enter long positions for Bitcoin around 105,000 to 105,800, targeting around 108,500; for Ethereum, enter long positions around 3,940 to 3,970, targeting around 4,080.

The post is effective, and specific guidance is based on real-time updates. Currently, the market 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, you can follow the public account: analyst Liang Qiu.

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