Analyst Liang Qiu: Bitcoin/Ethereum Rapid Rise at the Beginning of the Week, Is Another Upward Channel Opening?

Bitcoin/Ethereum has been oscillating upwards since yesterday's early morning low of 3350 and around 112000, essentially a day of rise with relatively small pullbacks. At one point in the morning, it rose to 115000 and 3558, but has now pulled back somewhat. The upper level of 115000 has just touched the pressure line and started to retreat, indicating that the upper integer level is still under pressure. The rapid rise currently does not indicate the arrival of a bullish trend, but only suggests a short-term correction after a significant decline.

The daily candlestick pattern shows that the recent price has exhibited a rebound trend after a general downward oscillation. In the 4-hour timeframe, a long lower shadow line has formed during the price drop, indicating certain buying support below, but the pressure above remains evident. In terms of technical indicators, the MACD histogram in the 4-hour cycle is gradually shortening, with the fast and slow lines approaching the zero axis, showing that bearish momentum is weakening but has not yet completely turned into a bullish trend. Currently, after a rapid rise, the market has reached upper pressure and started to fall back, so we can expect a wave of pullback and consolidation.

Trading Suggestions: Short Bitcoin around 114800, target near 113000; Short Ethereum around 3540, target near 3450.

【The above analysis and strategy are for reference only; please bear the risks. The article's review and publication lack timeliness; please refer to real-time conditions for specifics.】 #加密市场反弹