The intraday price fluctuation is extremely small and it is really boring. The current daily MA5 and 10-day moving average cross-adhesion intensifies the market trend. However, the continued downward pressure of the BOLL band middle track and the MA30-day moving average also shows that there is a strong selling pressure area above. If the 5-day MA5 moving average price reference cannot be broken through in the short term, there is still a risk of a downward trend near 1835.
In the 4-hour period, the exchange rate continues to run in a narrow range of the BOLL band. The MA30-day moving average continues to flatten, and the MA5 10-day moving average suppresses the exchange rate, making it difficult for the currency price to rebound in the short term. KDJ and MACD keep running slightly downward. Once the lower track of the BOLL band opens downward in the early morning, the exchange rate is expected to test the possibility of support below again. For trading, it is still necessary to maintain a high level of attention.
Cao's idea: light position around 1810, add position at 1830, target 1790-1770, effective breakout at 1735, stop at 1850
It is expected to be sufficient for the current trend. Please see here first and follow up later~#crypto2023 #ETH
