4.13 Ethereum early morning market analysis and operation ideas
During the night and early morning of yesterday, Ethereum and Bitcoin shorts simultaneously fell, and the market is currently in a state of continuous washing. In the early morning of today, Ethereum shorts also launched a new round of declines to the strong support of 3420-3440 below. From the technical indicators, Ethereum and Bitcoin have no room for decline. The decline in the evening and early morning is mainly due to the opening of the US stock market in the evening. If the decline in the early morning effectively breaks through and stabilizes at the 3440 line below, then the currency price will be synchronized with Bitcoin to make technical indicator repairs and retracements. The bottom support can be seen in the vicinity of 3306-3257
From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are in a state of oscillating decline, and the current K-line is in the red TD1 decline signal. As long as the short-term coin price cannot rebound to the area above 3440, the coin price will still fall. At the same time, Bitcoin and Ethereum shorts will fall again. As long as the short-term decline of Ethereum does not destroy the trend of the monthly market, the subsequent trend will continue to rise. At the same time, the coin price is also likely to fall in the early morning, so the trend during the early morning is still dominated by rebound shorting. #BTC
