Analyst Liang Qiu: 10.9 Bitcoin Ethereum has repeatedly dipped without success, trading hours will continue to fluctuate upwards.

Since the rapid decline from the previous high of Bitcoin and Ethereum, there have been multiple sideways consolidations and dips over the past two days, followed by a quick rise, with strong support still present below. Our strategy for long positions between 4430 to 4460 and 121500 to 122000, which we publicly laid out last night, has successfully risen to 4556 and above 124000, gaining a good margin, and congratulations to those who followed along. Currently, the early morning market has dipped again to around 4400 and 121500 before rebounding. The rebound is not over yet, with the hourly chart also starting to stabilize, and the multiple dips are conducive to building a bottom below.

The K-line pattern on the daily level shows that the recent price has entered a consolidation adjustment after significant fluctuations. The 4-hour K-line presents a high-low pullback trend, and the current closing price is close to the previous low area, requiring attention to the short-term support strength. In terms of technical indicators, both the 4-hour DIF and DEA are running downwards, with green bars expanding, indicating a bearish advantage. The MACD on the daily level continues to weaken after a dead cross. There is strong support below in the short term, and during trading hours, continue to pay attention to the rebound from the bottom support.


It is recommended to buy Bitcoin around 121200 to 121700, with a target near 123600; for Ether, buy around 4410 to 4440, with a target near 4530.

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