The Bitcoin/Ethereum short position laid out again in the early morning has been validated

Analyst Liang Qiu: 5.27 Bitcoin/Ethereum Long and Short Continues to Hold, Including Early Morning Market Analysis

Due to the US stock market being closed in the evening, the overall volatility of Bitcoin/Ethereum has not been significant. Our strategy of going long last night and then switching to short this morning has been effective, and the overall trend control has been quite good. Currently, the market has seen another rise, remaining in a narrow range of fluctuations after a rise throughout the day, especially for Bitcoin, which has been oscillating within a 1000-point range. The overall trend remains strong, but Ethereum dropped to the 2537 line in the evening; congratulations to those who followed. Currently, Bitcoin has surged, but the upward pressure remains severe, and without any major news triggers, the probability of a breakout is indeed low.

From a daily perspective, the MA indicators suggest that the trend still leans towards bullish. All moving averages have turned upward and support is gradually rising, with key support at the 107000 and 2480 lines. However, from a four-hour level, the Bollinger Bands are starting to narrow and show signs of a gradual decline, indicating a potential pullback after an early morning high. In the early morning, we should focus on the correction and consolidation after the short-term surge and pay attention to the support below; if it does not break, there is still room for further upward movement.

Early morning trading suggestions: BTC: Long around 110200 to 110800, target around 108500; ETH: Long around 2570 to 2590, target around 2500.

【The above analysis and strategies are for reference only, please bear the risks yourself. The article review and publication do not possess timeliness, specifics should be based on real-time conditions】 #Strategy增持比特币