Analyst Liang Qiu: Bitcoin and Ethereum will further weaken after sideways trading at 10.9

The long positions at 121,700 and 4420, as outlined in the Bitcoin and Ethereum morning session articles and videos, are based on 4390. Once 4400 breaks, short positions are taken advantage of. This strategy was also emphasized in the afternoon video, and Kongdan recovered losses and even made a profit. After two days of sideways fluctuations, with multiple dips followed by upward movements, trading leveraged the 4400 support level. Once this level breaks, trading can be done with the trend. The current market has broken down and entered a period of sideways fluctuations, signaling a weakening trend. Upward pressure will likely remain at 123,000 and 4400. A large bearish candlestick pattern was formed on the daily and four-hour charts after a breakout. A rebound is expected this evening, but the strength will be minimal. This is primarily a weak rebound after the decline. A bearish close on the weekly chart after a breakout is also a clear sign of a weakening trend. Furthermore, both the daily and four-hour moving averages have turned downward, with a clear shift in highs and lows. The market will continue to test support. Tonight's trading recommendations are for Bitcoin around 122,700 to 123,000, with a target around 120,500; and Ethereum around 4370 to 4400, with a target around 4280. A break below this level could target the 4200 level. In fact, recent continuous profit-making strategies have been clearly visible to many followers. The current market is primarily volatile, so this post is effective and provides real-time guidance. Please follow our homepage for communication!