Analyst Liang Qiu: The weekly closing for Bitcoin/Ethereum on February 24 is approaching, along with an analysis of the market conditions from this morning.

CN
7 hours ago

Follow for more updates, 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. Over the weekend, Bitcoin has been basically consolidating, with overall volatility not being large. However, Ethereum has been performing exceptionally well, with the price fluctuating and rising, repeatedly touching the previous high point around 2840. The trend is strong, but during the multiple attempts to rise, it has not effectively driven Bitcoin's movement, which is still in a downward consolidation. Our layout strategy this week has been very successful. Currently, Bitcoin and Ethereum are overall narrowing in volatility, with Bitcoin's performance weakening first. We recommend shorting at highs and not chasing long positions.

The daily and four-hour charts for Bitcoin and Ethereum have also started to decline. We will see if the upper high point of 2850 can be broken. For Bitcoin, we are watching the MA7 and MA10 moving averages around 96600 for resistance. If it remains under pressure, the market will continue to rise and then fall.

In the early morning operations, Liang Qiu suggests shorting Bitcoin around 95800 to 96500, with a target near 94000; for Ethereum, short around 2820 to 2840, with a target near 2730.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner. Specific operations will be based on real-time guidance. For more strategies, you can follow the public account: analyst Liang Qiu.

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