Bitcoin/Ethereum short position strategy has been verified again

Analyst Liang Qiu: Bitcoin/Ethereum Narrow Fluctuations at 6.5, Focus on Pressure Drop

Bitcoin/Ethereum has been showing overall narrow fluctuations these past few days. We have also repeatedly implemented a strategy of pulling up and shorting, with the market often rising and then falling back, providing a decent overall range. Currently, Ethereum is relatively strong, which could lead to a follow-up surge after a smaller increase earlier. On the technical side, Bitcoin's daily chart shows a doji pattern, with consecutive bearish days and multiple doji formations. The body of these candles is small, indicating a regular washing feature, and a directional trend has not formed. On the four-hour chart, the price has repeatedly dipped and rebounded, with higher lows but unbroken resistance at higher points, making it difficult to break through in the short term. The MACD histogram is positive but shows weakening momentum, while the RSI is approaching the overbought area, indicating insufficient upward strength.

On the technical side for Ethereum, after a peak at $2,679 earlier this morning, the price has pulled back and is currently fluctuating in a narrow range. The four-hour chart shows that the price has broken through recent highs, but the trading volume has decreased, leading to a divergence in volume and price, indicating weakening upward momentum. The MACD histogram remains positive but its growth rate is slowing. The KDJ value is neutral, with the market in a tug-of-war between bulls and bears, and there is a clear possibility of further pullbacks.

Trading Suggestions: BTC: Short near 104600 to 105000, target around 102600; ETH: Short near 2610 to 2630, target around 2540.

【The above analysis and strategies are for reference only. Please bear the risk yourself. The article's review and publication may not be timely; please refer to real-time data.】 #我的COS交易