Analyst Liang Qiu: Focus on the box structure amid the significant rise and fall of Bitcoin/Ethereum on March 3.

CN
11 hours 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. After a rapid rise in Bitcoin/Ethereum last night, the market retraced during the day to correct its pattern. We also laid out a short position strategy above 93000 and 2450 in the morning. The market has been fluctuating downwards, with Ethereum experiencing a relatively large overall decline, directly dropping to around 2320, with a nearly 140-point drop space. Currently, there are signs of stabilization in the market; the lower edge of the previous box structure has not been broken, and there is still room for further upward movement. Pay attention to the support levels at 91000 and 2300 below, while the upper levels to watch are 95000 and 2500 in the box structure.

In terms of the K-line pattern for Bitcoin/Ethereum, the price encountered significant resistance near 95000, then fell back to the 92000 area. In the 4-hour cycle, a high-level fluctuation pattern has formed, indicating some downward pressure in the short term. On the technical indicators, the MACD is currently above the zero line, but the fast and slow lines are gradually converging, showing signs of a death cross, indicating weakened upward momentum. However, after a rapid rise in the short term, the market has limited room for correction, and there is also relatively clear support below, with the evening focusing on buying on dips.

In terms of operations, Liang Qiu suggests entering long positions for Bitcoin around 91500 to 92000, targeting around 94500; for Ethereum, enter long around 2320 to 2345, targeting around 2440.

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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