Analyst Liang Qiu: Ethereum Reaches New High at 8.25 and Retracts, Bitcoin Breaks Key Support

Bitcoin/Ethereum surged last night before quickly retracting in the early morning. Ethereum even broke its historical high, reaching around 4958, then started to decline; however, the drop was not as significant as expected. The previous pullback level around 4650 was not touched, and the short-term trend has not broken down. Bitcoin, on the other hand, broke below the 112000 level to around 110500, then began to rebound. Currently, the overall trend is unclear, with pressure above and support below.

From the K-line pattern, the daily level shows that after a significant rise, the price has entered a high-level oscillation range, forming a long upper shadow indicating heavy selling pressure above. On the 4-hour level, there have also been multiple instances of high surges followed by retractions, with highs gradually decreasing and lows showing some support, presenting a short-term weak adjustment pattern. In terms of technical indicators, both the 4-hour DIF and DEA are in positive territory, but the histogram has shifted from red to green and continues to shrink, indicating weakening momentum; the daily MACD still maintains a golden cross but shows signs of divergence.

Trading suggestions: Short Bitcoin near 112800 to 113300, target around 111500; Short Ethereum near 4730 to 4750, target around 4650. This post is timely, specific details are subject to real-time updates. #ETH创历史新高