Analyst Liang Qiu: On April 7, Bitcoin/Ethereum fell sharply due to news impact and will continue to test the bottom.

CN
13 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. Bitcoin/Ethereum fell last night due to Trump's comments on tariff policies, leading to a comprehensive decline in the crypto market, with a relatively large drop. Following that, today the A-shares saw widespread limit downs, which had a significant overall impact. However, from last night to this morning, there were multiple rapid declines, and the trend is very weak, with daily and weekly lines all breaking down. Additionally, the tariff policy has not yet fully materialized, and the market will experience some fluctuations.

In the short term, we need to pay attention to Bitcoin's support at the low of 76,000 and Ethereum's support around 1,500. Based on this support, we can consider entering long positions near 76,000 to 76,500, targeting around 78,000. For Ethereum, we can consider entering long positions near 1,500 to 1,525, targeting around 1,570.

However, the major news has not fully settled, and the trend leans towards bearish. After the decline and pullback, the upward movement is relatively small, and the market will continue to seek support at lower levels. For short positions, we can refer to the hourly box structure, entering around 78,000 to 78,500, targeting near 76,000; for Ethereum, enter short around 1,580 to 1,600, targeting near 1,520.

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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