1.23 Ethereum midday market analysis and operation ideas

In the early morning, the currency price did not show an obvious rebound sentiment. On the contrary, the short sellers continued to increase their volume. This is obviously that the peripherals are frantically shipping to cash out the US dollar. Therefore, the short sentiment of the two mainstream Ethereum and Bitcoin is too paranoid. There was no rebound strength at all. In fact, regardless of the impact of various news and other external markets, I personally do not recommend that you chase short positions in the short term. It is too easy to blindly pursue the market caused by the large fluctuations, so I still insist on seeing the retracement. Just enter the long short-term trading idea (because the short-term rebound has not appeared, which means that there will be a round of rebound repair at any time to adjust the indicators).

From the daily level of Ethereum, the KDJ and MACD dead crosses have significantly increased the volume and gone short. The current short-term currency price in BOLL is in a fierce battle with the middle track; the MA5 daily moving average in the main chart has also fallen sharply, but the MA10 and MA30 are not the same. There is no linkage with the short position. On the contrary, the indicator continues to rise, which means that there is still a limit of key support at the low point.

From the 4-hour level of Ethereum, KDJ, MACD, and BOLL short positions continue to resonate strongly and fall. The three-day MA three-day moving average of the main chart also maintains the short position arrangement structure. However, the key point is that the current 4-hour lines of Bitcoin and Ethereum stand firm at the same time. If the red TD9 is found, then the emergence of this indicator also indicates that short-term shorts will stop at any time, and bulls will inevitably make a round of rebound adjustments (of course, if TD9 is lagging behind, then the short-term market will see at most one round of pins, and after the short-term shorts are inserted, the It’s over, and the subsequent currency price will usher in a rebound adjustment within at least 4-12 hours).

My personal views on the current short-term currency price remain unchanged. It is not recommended to pursue short positions at low levels. The risk is too high. If the short-term currency price is still paranoid about falling, then we will divide the position and wait for the retracement to go long and be discouraged and seek stability. The price area that needs to be repaired in the short-term high point above is around the 2364-2414 area. Here is the technical view on the ultra-short term. Considering that the 12-hour and daily short positions are indeed relatively strong, if this short-term rebound cannot effectively break through 2364-2414, then the subsequent currency price will continue to decline in volume. The support target for subsequent lows is around the 2260-2127 area.#BTC #etf $BTC $ETH