Analyst Liangqiu: Bitcoin/Ethereum Narrow Fluctuation at 6.2, Focus on Breaking Levels Tonight

After a sharp decline in Bitcoin/Ethereum over the past few days, a narrow fluctuation has begun, with overall bullish and bearish continuity not strong, but it is merely a weak downward fluctuation. Since our continuous layout of short positions above 110000 and 2730, we have also laid out short positions multiple times around 2550 and 105000 in the past two days. The market has been declining all the way, and the overall space is still quite good. Currently, there is pressure above and support below in the market, but the horizontal fluctuation under the downward trend is more of a downward continuation, indicating that there is further downward space for the market.

On the daily MA indicator, Bitcoin/Ethereum is still turning downwards, with clear pressure at the upper levels of 106000 and the 2550 to 2580 range. On the weekly level, Bitcoin has started to turn bearish after eight consecutive days of gains. Once it begins to retrace, there is significant downward space in the market. The short-term support reference is around 102000, and if it breaks below, it could further breach the 100000 level. For Ethereum, the key support reference is around 2450, but before breaking down, there’s no need to take drastic measures; focus on the trend.

Evening operation suggestion for BTC: around 104500 to 105000, target near 103000; ETH: around 2520 to 2540, target near 2470, continue to look down if it breaks.

[The above analysis and strategy are for reference only. Please bear the risk yourself. The publication and review of the article may not be timely, and specifics should be based on real-time conditions.] #我的COS交易