Analyst Liang Qiu: 2.20 Bitcoin/Ethereum has been consolidating for half a month, what is the intention?

CN
2 days ago

Follow for more updates, with potential earnings in the millions. Hello everyone, I am analyst Liang Qiu. Here, I share my insights, 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. Since the rapid drop and spike of Bitcoin and Ethereum at the beginning of the month, the daily level has continued to consolidate sideways, with weak continuation in both long and short positions, showing a fluctuating trend. Our short positions set last night at 2730 and 96500 have seen the market drop to around 2680 and 95300, with overall weak continuation. Currently, the market is operating around the middle and lower bands of the daily Bollinger Bands, approaching the middle band area, indicating a potential change in trend. The bulls have repeatedly failed to break the upper resistance structure, resulting in a stagnation and sideways trend, while the continuous formation of support below is waiting for a daily level correction.

From the 12-hour trend, it can also be seen that after several days of consolidation, the bears are in a spike-down adjustment without significant volume. It is expected that the overall trend during the day will continue to adjust upwards after the correction. However, the trend remains unclear in terms of the fluctuating structure, and the bears are still resisting. According to the daily MA indicators, Bitcoin and Ethereum have already broken through the 7-day and 10-day moving averages at 96500 and 2700, respectively. We will continue to monitor whether they can stabilize and gradually enter long positions based on this support, but we need to pay attention to timely changes in the market.

In terms of operations, Liang Qiu suggests entering long positions for Bitcoin around 96000 to 96500, targeting around 98000; for Ethereum, entering long positions around 2690 to 2710, targeting around 2780.

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, you can follow the public account: analyst Liang Qiu.

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