Analyst Liang Qiu: 6.6 Bitcoin/Ethereum Short Positions Achieve Great Success with Market Analysis

Since repeatedly laying out short positions above 110000 and 2730 for Bitcoin/Ethereum, the overall space has been significant. Yesterday afternoon, additional short positions were laid out above 105000 and 2610, and the market dropped multiple times in the evening and early morning, reaching a low of around 100300 and 2380, filling the space completely. Currently, the market has rebounded, but this rebound is not a reversal; it is merely a repair after a significant short-term decline. It has been emphasized multiple times that Bitcoin has had eight consecutive weekly gains, and last week began to retrace and move down. The market is expected to decline further, and it has followed the anticipated trend multiple times. The primary focus going forward will be on the daily MA moving averages and the top-bottom conversion at the 104000 and 2520 level after a short-term break.

Last night, Bitcoin fell below 101000 USD, with a significant intraday drop. From the daily chart, the upward momentum is insufficient, and it is in a pressured position but still operates within the upper area of the Bollinger Bands, running above the MA5 and MA10. The four-hour chart shows that the Bollinger Bands are converging, and the price is running in the lower part of the Bollinger Bands. The MACD is showing a death cross and slowly moving down above the zero axis, with bears starting to gain momentum. The RSI three lines are pointing down and operating below the 50 level, and the KDJ is turning downward, indicating a clear bearish trend in the short term. Ethereum has shown a significant overall retracement, with support repeatedly breaking at the 2500 to 2520 level, and it is gradually looking bearish based on this top-bottom conversion.

Trading Recommendations BTC: Short around 103300 to 103800, target around 101500; ETH: Short around 2470 to 2490, target around 2410.

【The above analysis and strategies are for reference only, risks are to be borne by the reader. The article's review and publication may not be timely, specific details are subject to real-time conditions】