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Short-term traders usually use five-day, ten-day, and thirty-day moving averages. Key signals include:

· Golden Cross: When the five-day moving average crosses above the ten-day moving average, it is generally regarded as a buy signal.

· Death Cross: Conversely, when the five-day moving average crosses below the ten-day moving average, it is a sell signal. $ETH

Furthermore, if the three moving averages show an upward trend, this indicates a strong bullish market, and investors may consider building positions during pullbacks. Conversely, if the moving averages trend downward, one should follow the trend and consider shorting. $BTC

The use of technical indicators: There are numerous technical indicators in the market, and investors do not need to be familiar with all of them; knowing a few commonly used indicators is sufficient. Two commonly used indicators are Stoch and RSI: #币圈

Stoch Indicator: When the K value is low (around 20%) and crosses above the D value twice, it is usually a good buying opportunity; when at a high level (above 80%) and crosses below the D value twice, forming a death cross, it is a selling opportunity. #币圈暴富

RSI Indicator: When the RSI value is between 0-20, it indicates that the cryptocurrency is oversold, which is a buy signal; when it's between 80-100, it indicates overbought conditions, which is a sell signal. #比特币

It is important to note that technical indicators have a lag and should not be solely relied upon as the basis for trading decisions. Some strong cryptocurrencies may continue to rise even when indicators are high, while some weak cryptocurrencies may continue to fall even when indicators are low. Therefore, when using technical indicators, it is essential to consider other factors comprehensively. #CPI数据来袭

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