Analyst Liang Qiu: February 11 Bitcoin/Ethereum Market Analysis

CN
1 month 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!

You can follow the public account of analyst Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum have been continuously profiting from long positions during the recent pullbacks. Yesterday, we also set up long positions near 97000 and 2630, which directly filled the pullback space. After multiple bottom formations, the market rebounded. As mentioned in yesterday's article, Bitcoin's daily chart is slowly forming a rounded bottom pattern, and the subsequent upward space will be much larger. Once it stabilizes above 98000, it will directly challenge the 100,000 mark. Currently, we can only observe whether it can stabilize after a short-term breakout. During such critical moments, it is best to trade in one direction. Although there may be missed opportunities for back-and-forth trading, it is still relatively stable. After all, after such a long period of oscillation, a direction is almost established!

In terms of Bitcoin/Ethereum K-line patterns, a small consolidation range has formed recently. The daily K-line shows long lower shadows, indicating strong buying support. On the technical indicators in the 4-hour cycle, the DIF and DEA are gradually approaching the zero axis, and the MACD histogram has turned from negative to positive, indicating short-term rebound momentum. Currently, after the adjustment, a stabilization trend has emerged. Following the daily line's virtual breakout of resistance, each round is moving upward in a short-term stabilization oscillation manner. This process may continue, but if focusing on short-term trading, there will still be some room for back-and-forth operations.

In terms of operations, Liang Qiu suggests entering long positions for Bitcoin around 97300 to 97800, targeting around 99600; for Ethereum, entering long positions around 2660 to 2690, targeting around 2760.

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 guided in real-time. For more strategies, you can follow the public account: analyst Liang Qiu.

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