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Analyst Liang Qiu: 11.3 Bitcoin/Ether evening trading strategy with market analysis
Bitcoin/Ethereum experienced a rise and then a pullback in the early session, remaining in a sideways fluctuation. Currently, the evening market needs to pay close attention to the important support levels at the previous lows of 106000 and Ether 3640. This was also emphasized in the daytime strategy and video. As long as this level holds, the market will gather strength for a rebound. If it breaks, a new round of decline will continue. A pullback is not scary; as long as the lows hold, it presents a good opportunity to enter long positions. The market is expected to stabilize further after multiple rejections and rebounds.
You can patiently hold the long position or enter long at the current price of 107200 and 3690 in the evening. Reasonably add to the position for more longs, with targets around 3780-3800-3830 and near 108600-109500. The stop loss is still set at the previous low line of 106000 and 3640.
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