Analyst Liang Qiu: 11.3 Bitcoin/Ethereum quickly fell at the beginning of the week. Duo Dan seizes the last opportunity for liquidation.
Bitcoin/Ethereum fluctuated sideways over the weekend, and after a brief rise in the morning, it quickly fell again, with the overall trend turning weak again. The long positions we laid out yesterday briefly rose to 110700 and 3914, which could also yield a good margin overall. Currently, the trend of rapid decline has weakened, and the weekly line has directly broken below the middle track of the Bollinger Bands. If the major trend continues to lean bearish and breaks the daily low again, it will form a weekly level decline. However, the positions that have been tested multiple times below in the short term will have a corrective consolidation, which is also the last opportunity for the bulls.
Currently, the short-term market needs to focus on the support levels from 3650 to 3680 and around 106000. The quick drop after the morning rise directly broke the weekend's sideways fluctuating pattern and also broke the low points around 3820 and 109500. In the subsequent short cycle, relying on support and resistance, we expect a short-term rebound to 3800 and above 109500 before assessing the strength of the rise.
Operation suggestion: Buy Bitcoin around the current price of 107300 to 107800, target around 109500; buy Ethereum around 3710 to 3730, target around 3800, with breakouts looking at 110500 and 3850, and great-nephew at 106000 and 3650.
【The above analysis and strategy are for reference only; please bear the risks yourself. The article's review and publication lack timeliness; specifics are subject to real-time conditions】#巨鲸动向


