Analyst Liang Qiu: The weekly closing for Bitcoin/Ethereum on March 23 is approaching, grasp the last opportunity to break even.

CN
4 days 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 experienced multiple periods of sideways movement over the weekend, and the overall volatility range will not be very large. In fact, over the past few days, regardless of bullish or bearish positions, having more patience can yield results, although the space is not large. Currently, after multiple sideways movements, there is certain support below. Looking at the daily MA moving averages, the 7-day and 10-day moving averages are turning upwards, indicating that bulls are likely to form another rebound. The support below can be referenced at the moving averages of 1960 and 83000. The weekly chart is also starting to stabilize, so pay attention to the pressure and support situation going forward.

In terms of the K-line pattern for Bitcoin/Ethereum, the recent price has been fluctuating at a high level, forming multiple small fluctuations in the K-lines, indicating market indecision. The daily chart shows long lower shadows and larger bearish candlesticks, indicating fierce competition between bulls and bears. In terms of technical indicators, the MACD in the 4-hour cycle has shifted from negative to positive, showing signs of a rebound in the short term, but overall it remains below the zero axis, so attention should be paid to subsequent changes.

For evening operations, go long on Bitcoin around 83600 to 84200, targeting near 86000; for Ethereum, go long around 1970 to 1990, targeting near 2060.

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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