Analyst Liangqiu: 2.8 BTC/ETH Market Analysis

As the weekend approaches, BTC has been falling for two consecutive weeks. If the solid k-line cannot hold above the 98000 level within the week, it is highly probable that the market will continue to decline next week. However, the short-term decline is significant at the moment, and the weekend is mainly focused on market recovery and rebound. Looking at the BTC daily chart, it closed with a long upper shadow near 96500 for several days, and the short-term support still refers to around 95000. The trend of Ethereum is gradually weakening, and attention is now on whether the lows can be lifted by the big cake again.

After multiple touches of the bottom, the lower point is not broken, and the bullish trend is not over; the RSI indicator currently has a value of 45, moving away from the oversold zone, showing rebound momentum. The key support level is the psychological barrier of 95000, and the resistance level is around 100000, the high point of multiple highs and subsequent declines. The BTC/ETH K-line pattern shows recent price fluctuations at high levels, with multiple long upper shadows indicating significant selling pressure above. In the daily K-line chart, several consecutive days have closed with bearish candles, indicating a bearish market sentiment. In terms of technical indicators, the MACD histogram on the 4-hour period has turned positive, but the DIF and DEA are still below the zero axis, indicating limited rebound strength in the short term. Over the weekend, the focus will be on market recovery, with subsequent attention on whether the weekly closing of the big cake can turn bullish.

Operation Shangqiu suggested entering long positions near BTC 95600 to 96300, with a target near 98000; Enter long positions near ETH 2580 to 2610, with a target near 2680. In fact, recently, continuous layout has gained a lot of attention, and friends can see it very clearly. Currently, the market is mainly in short-term fluctuations, and the release of this article is practical, with real-time guidance as the main focus.
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