Mu Feng Looks at Trends: Bitcoin/Ethereum Market Analysis and Operational Suggestions for the Evening of 5.5
From a weekly perspective, this week's KDJ has sharply turned upwards. With the 5-day moving average accelerating, the market price has also risen above the 10-day moving average. During the early hours, the market underwent a pullback for adjustment, which has preemptively repaired the technical gap between the coin price and the 5-day moving average, completing the bottoming process.
From a daily perspective, the current KDJ and MACD are still oscillating around the midline, indicating that the recent oscillation rhythm is relatively prolonged. However, the trading volume has exceeded the previous two days, suggesting that a one-sided market is about to emerge. Currently, the BOLL continues to oscillate upwards. Although today's main candlestick closed below the 5-day moving average, both the 5-day and 10-day moving averages are still strengthening, and the main candlestick closed with a lower wick. Therefore, in the short term, we continue to expect upward oscillation. For operations, we can accumulate long positions on pullbacks, and specific points can be referenced as follows:
BTC: Long at 94000-93500, target 97000
ETH: Long near 1800-1780, target 1870
The above are my personal operational suggestions for the evening. Market conditions change rapidly, and this article has certain delays. Specific operations should be guided by real-time trading. If you have any questions, feel free to consult.