On the ETH hourly chart, price is rising while pressing against the upper band; on the 4-hour chart, it is being suppressed by the upper band. On the daily chart, the mid-band is also capping around 2540. You missed the low long entry, so don’t chase higher. The upside for chasing is limited—if price pulls back from a high level, you’re likely to get trapped. First look for short at the high.
Bias: Short Entry: 2520-2560 Targets: 2470-2420-2350 Stop loss: 2600
BTC hourly chart, 4-hour chart prices are pushing upward along the upper band, and the daily K line has reached the mid-band where it is being pressured. Chasing the rally is risky; at higher levels, first look for a pullback.
Bias: Go short on the high Entry: 78500-79500 Targets: 77500-76500-75000 Add to position: 80500 Stop loss: 81500
Market Review On Wednesday, the US Dollar Index rebounded to above 98.6 during the European session but then gave back most of its gains, ultimately closing up 0.18% at 98.39; the benchmark 10-year US Treasury yield ultimately closed at 4.163%, while the 2-year Treasury yield, sensitive to Federal Reserve policy rates, closed at 3.493%.
Spot gold briefly returned to around $4340, then began to fluctuate widely, ultimately closing up 0.84% at $4338.44 per ounce; spot silver refreshed its historical high to above $66, ultimately closing up 3.87% at $66.19 per ounce.
Due to Trump's easing of the blockade on Venezuela, concerns about global oversupply eased, leading to a significant rebound in oil prices. WTI crude oil ultimately closed up 3.03% at $56.70 per barrel; Brent crude oil returned to above $60, ultimately closing up 2.95% at $60.79 per barrel.
These doji reversal signals must be known! The doji can be said to be a simple yet effective trend reversal signal in the market, indicating that the divergence between bulls and bears has reached a boiling point, and is at a critical juncture for trend reversal. Today, I will share three common doji patterns and their specific applications in practice.
1. T-shaped doji -- strong reversal signal 2. Gravestone doji -- dangerous bearish signal Standard doji -- key juncture for bull-bear struggle
Note: In a standard doji, if the price rises from the bottom to a high and then a standard doji appears, the probability of a downward trend reversal is high, especially if a large bearish candle appears the next day, indicating that the bulls are losing strength, and profit-taking leads to selling, which will exacerbate the decline; if a standard doji appears during a downtrend, and a bullish engulfing candle appears the next day, the probability of an upward rebound increases significantly, indicating that the bears can no longer push down, and the bulls begin to gain the upper hand. If a large volume is released below at this time, the reversal signal will be even clearer.
The underlying logic and meaning of moving averages:
Today we will learn about moving averages, which are officially known as moving averages in English, abbreviated as MA. This is one of the essential indicators in technical analysis.
It calculates the average price of a stock over a specific period, forming a continuous curve to show the trend and direction of the stock price.
From the daily level: For short-term trading, one can observe MA5 and MA10. The 5-day moving average represents the average price over the last week, while the 10-day moving average represents the average price over the last two weeks;
For medium-term trading, one can observe MA20 and MA60. The 20-day moving average represents the average price over the last month, while the 60-day moving average represents the average price over the last quarter;
For long-term trading, one can observe MA120 and MA250. The 120-day moving average represents the average price over the last six months, while the 250-day moving average represents the average price over the last year.
Market Inventory On Monday, the US dollar index fluctuated downwards, briefly falling close to the 98 mark, then recovering some ground, ultimately closing down 0.13% at 98.28; the benchmark 10-year US Treasury yield ultimately closed at 4.181%, while the 2-year US Treasury yield, sensitive to Federal Reserve policy rates, closed at 3.516%. Due to the weakening of the US dollar and the decline in US Treasury yields, spot gold briefly returned above $4,350 during the session but was unable to hold this level, retracting over $60, and ultimately closed up 0.12% at $4,305.54 per ounce; spot silver returned near historical highs, ultimately closing up 3.4% at $64.07 per ounce.
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