Analyst Liangqiu: 2.11 Bitcoin/Ethereum Market Analysis

Bitcoin/Ethereum has been retreating and profiting continuously in recent days. Yesterday, it also laid out the retreat long positions near 97000 and 2630 twice, directly filling the space. After multiple bottom formations in the market, there was a rebound. Yesterday, it was mentioned in the article that the daily level of Bitcoin is slowly forming a round arc bottom pattern, and there will be much more room for upward movement in the future. Once it stabilizes above 98000, it will directly challenge the 100,000 mark. At present, in the short term, we can only wait and see if it stabilizes after breaking through. At this critical moment, it's best to take a single direction, although it may not be possible to catch the round trip, but it's more stable, after all, after oscillating for so long, it's almost in a direction!

Bitcoin/Ethereum K-line pattern has recently formed a small consolidation range in price. A long lower shadow appeared on the daily K-line, indicating strong buying support. In the technical indicators, the DIF and DEA are gradually approaching the zero axis in the 4-hour period, and the MACD histogram has turned from negative to positive, indicating short-term rebound momentum. At present, it seems that after the adjustment, a stabilizing trend has also emerged. According to the daily line virtual break suppression, each round continues to move upward in a short-term stabilizing and oscillating manner. This process may continue, but if focusing on short-term operations, there will still be some back and forth space.

Liangqiu suggests entering long positions around 97300 to 97800 for Bitcoin, with a target near 99600; Enter long positions around 2660 to 2690 for Ethereum, with a target near 2760.