Reviewing yesterday's market, the MA30 daily moving average of Bitcoin continued to suppress the price of the currency. A wave of shorts in the evening led to a downward sentiment in Ethereum. The current daily MA5 10-day moving average of Ethereum still maintains a slight upward sentiment. MACD and KDJ are bullish and slightly increased. However, the trend of Bitcoin next door is extremely poor. Once it falls below the support of the daily MA10 daily moving average, the price of the currency is likely to be washed out again and bottom out, affecting the trend of Ethereum. The daily line is mainly based on 4 hours.
The current coin price on the 12-hour line is again suppressed by the upper track of the BOLL band. Judging from the indicators, the short-term bullish rise is weak. In addition, the coin price on the 6-hour line is under pressure at the key pressure of 3292. The MACD indicator shows signs of shrinking. Once the bearish sentiment continues to exert force in the early morning, the coin price is expected to test the key bottom support of 3130 again in the early morning.
In the 4-hour period, as a negative column fell below the middle track of the BOLL band in the evening, the current MA5 10-day moving average was affected and showed a certain desire to turn down. However, the continued rise of the MA30-day moving average below shows that the short-term trend of Ethereum is stronger than that of Bitcoin. Combined with the short-term view, the overall short-term currency price is biased towards a small correction trend. In the early morning, we need to pay attention to the support line of 3130-3100 below. If the retracement cannot effectively break through, there is still the possibility of a V-reversal. The high point suppression is still referenced at 3260-3292. Therefore, for trading in the early morning, my personal opinion is that you can first go long at a low level and then go short at a high level.
Operation idea: Ethereum: 3150-3120, buy more, target: 3200-3260, cover position at 3100, stop loss: 3090
The overall trend of Bitcoin is weaker than Bitcoin: it can be between 64200-63600 line, more, target: 65000-66000, stop: 63400
It is expected to be sufficient for the current trend, and will continue to follow up#比特币减半 #大盘走势