Analyst Liang Qiu: The rebound of Bitcoin/Ethereum on April 1 will not be a smooth process; it will continue to progress in a winding manner.

CN
2 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 repeatedly indicated a pullback long position last night and during the day, with significant overall upward space. Bitcoin and Ethereum directly surged to around 84,500 and 1,890, respectively, with long positions achieving quite good space. In previous articles, I have repeatedly mentioned that the current market is in a stage of building a bottom before rising, with the market showing a wave-like upward trend. However, in the short term, there is pressure on the daily MA above, so we will pay attention to the resistance around 85,000 and 1,900. Once this pressure is broken, the market will continue to sprint towards 87,500 and 1,950, but there is no need to act on the breakout before it happens; the market will still have a process of accumulating strength.

From the four-hour level, it was mentioned during the day that the market broke through the middle line of the Bollinger Bands and will continue to approach the upper band area, which has been directly validated during the upward movement. However, currently, the four-hour Bollinger Bands are in a downward extension phase, and the market will experience a high and then a pullback after touching the upper band. The hourly chart has also begun to show a downward trend. For a larger upward movement, there will definitely be a process of accumulating strength. In the evening, we expect a high followed by a pullback, with support around 82,000 and 1,800.

For evening operations, Liang Qiu suggests entering short positions for Bitcoin around 84,300 to 84,800, targeting around 82,800; for Ethereum, enter short positions around 1,875 to 1,895, targeting around 1,830.

Currently, the market outlook is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a wave-like 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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