2023/11/05

Coin circle morning light

It continues to fluctuate. Will it rebound after the foundation building is completed?

If you are looking for fish in the abyss, it is better to retreat and build a net. Good afternoon, classmates, I am Chen Guang in the currency circle.

Students who have picked up the big pie at the low of 34,000 can already take action. At present, the pie has once again begun to fluctuate at the 35,000 line. At this time, the market is oscillating with a downward trend. Let us analyze and explain the next specific operation from the market.

First of all, let’s look at the daily indicators. The current KDJ indicator shows a downward cross, and the J line begins to run smoothly. At this time, the bottom begins to consolidate the foundation again. From the BOLL trajectory, we can see that the current three lines have begun to move upward. To provide a stable foundation below, we can also see in the main chart indicator that the current trend is beginning to fluctuate and trend upward.

Judging from the hourly indicators, although the current KDJ indicator is in a golden cross trend, the J line shows an obvious downward trend. However, at this time, the BOLL trajectory shows an obvious opening trend, and the currency price maintains running below the upper trajectory, indicating that at this time The downward movement of the J line is mainly to prepare for the opening of the BOLL trajectory, consolidate the bottom foundation, and avoid instability and callbacks at the bottom during the rise.

11/05 Operation ideas:

Big Pie and Ethereum respectively focus on 34800 support and 1840 support to be bullish.

For more operations, you can communicate with Chenguang $BTC $ETH