Analyst Liang Qiu: Ethereum Reaches New Heights at 8.5, Are Bulls Making a Comeback?

Bitcoin/Ethereum surged again last night, especially Ethereum which rallied nearly 400 points from its low point, showing a significant overall increase. The strategy we deployed yesterday also resulted in a direct stop-loss exit. Currently, the market is in a state of high volatility and consolidation after the surge, with Bitcoin's rally not being very obvious while the subsequent decline is quite noticeable. The upper resistance around 115000 remains, and the rebound strength is not strong.

From a four-hour perspective, the market has surged and then retreated, breaking the four-hour low. Given the short-term increase, there is no need to chase the long positions; instead, it is advisable to focus on shorting. Continue to monitor the upper resistance levels at 3700 and around 115000; the market's high and subsequent retreat may lead to further declines. The multiple recent spikes do not necessarily indicate that the bulls will continue to push higher.

Operational suggestions: short Bitcoin around 114600 to 115200, with a target near 113000; short Ethereum around 3660 to 3680, with a target near 3580, and continue to look lower if it breaks.

【The above analysis and strategy are for reference only, please bear the risks yourself. The article's review and release may not be timely; refer to real-time data for specifics.】 #币安HODLer空投PROVE