Mainstream currency market analysis
BTC:
The Huamen market started in four hours yesterday evening. The K-line fluctuated at the mid-track position, and the MA240 moving average suppressed downwards. The market remained above the MA240 moving average in the short term, but the center of gravity continued to shift downward. The KDJ indicator formed a dead cross, and the MACD indicator gradually became flat. It indicates a sign that the market will rebound. From the hourly chart, the K-line is below the middle track of the Bollinger Bands and has never stood firmly at the 26300 line. Therefore, in terms of operation, if you are stable, you can go short at 26300-26400, with a target of 500-800 points, and a reasonable allocation of positions.
ETH:
Ethereum's short-term rebound is relatively weak, and it has less time to stand firm above 1600. The trend has fallen from the high point, indicating that the general direction is still dominated by the short side. The hourly Bollinger Band has opened, and the current focus is on the K-line performance. Whether it can stand above the middle rail, if it cannot stand above the key support of 1600, the white market will still fluctuate downward. Operationally, it is recommended to place short orders at 1600-1610, with a target of 1580-1560, and reasonable allocation of positions.
BTC:
The Huamen market started in four hours yesterday evening. The K-line fluctuated at the mid-track position, and the MA240 moving average suppressed downwards. The market remained above the MA240 moving average in the short term, but the center of gravity continued to shift downward. The KDJ indicator formed a dead cross, and the MACD indicator gradually became flat. It indicates a sign that the market will rebound. From the hourly chart, the K-line is below the middle track of the Bollinger Bands and has never stood firmly at the 26300 line. Therefore, in terms of operation, if you are stable, you can go short at 26300-26400, with a target of 500-800 points, and a reasonable allocation of positions.
ETH:
Ethereum's short-term rebound is relatively weak, and it has less time to stand firm above 1600. The trend has fallen from the high point, indicating that the general direction is still dominated by the short side. The hourly Bollinger Band has opened, and the current focus is on the K-line performance. Whether it can stand above the middle rail, if it cannot stand above the key support of 1600, the white market will still fluctuate downward. Operationally, it is recommended to place short orders at 1600-1610, with a target of 1580-1560, and reasonable allocation of positions.