Analyst Liangqiu: 12.23BTC/Ethereum Operation Strategy with Market Analysis

BTC/Ethereum has been oscillating multiple times in the past few days, and the overall oscillation range of Ethereum is relatively large. Yesterday, we continuously set up two positions for longs on the pullbacks. One position was successfully closed at around 3400 and 97300, while the other position could only generate a small profit if the rhythm is not well controlled. However, the overall potential is still very good, so pay attention to short-term trading. Currently, the market has experienced multiple highs followed by pullbacks, and the overall trend is relatively weak. The market has not truly stabilized, and the oscillation range continues to move lower, indicating further downside potential.

BTC/Ethereum K-line pattern has been oscillating at high levels recently, with multiple K-lines showing long upper and lower shadows, indicating a significant market divergence. After a sharp decline on the daily chart, there is currently a rebound, but it has failed to break through the previous high, forming a potential downward trend. In terms of technical indicators, the MACD on the 4-hour chart is below the zero axis, with DIF and DEA close to each other, and the momentum column is shrinking, indicating a weakening bearish force and a possible rebound. However, the trend on the weekly and daily charts has not reversed, and there will still be short-term rebounds, but the larger trend remains downward, so pay attention to the resistance of the MA moving averages at 98000 and the 3450 level.

On the operation, Liangqiu suggested entering a short position near BTC96500 to 97000, with a target near 94500; short entry near 3360 to 3390 for Ethereum, with a target near 3270.

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