Li Shengting: 6.9 Ethereum Early Morning Market Analysis and Trading Ideas
From the daily technical indicators of Ethereum, the KDJ technical indicator shows that the three lines are turning downward, and the MACD technical indicator shows that the DIF and DEA indicators are moving downward from below the water level. The BOLL technical indicator is operating in the middle track area, but the coin price has fallen near the lower track area. The MA5 and MA10 moving averages are continuing to oscillate downward, but the MA30 moving average has not joined the bears to increase volume, indicating that it has limited the extent of the decline to a certain extent. Ethereum has currently issued a red TD3 downward signal. I personally believe that there will be a technical rebound in the short term, but the strength will not be very large. Between eight and nine o'clock this morning, the coin price is likely to undergo a downward adjustment, so pay attention to this time point.
From the 4-hour technical indicators, both the KDJ and MACD technical indicators are oscillating in the middle axis area. The BOLL technical indicator is operating in the middle track area, and the current coin price has fallen below the MA5 moving average. Meanwhile, in the short term, the gap in the five-day moving average has not been filled, so I personally believe that there will first be a technical rebound in the early morning, followed by a downward oscillation. Therefore, the trading idea remains unchanged, and it is recommended to mainly short in batches during the rebound.
Ethereum: Short near 2530-2560, Stop Loss: 2587, Target: 2480-2430
Bitcoin: Short near 106000-106500, Stop Loss: 107500, Target: 103000
The above is my personal analysis of the early morning market, for reference only. Specific points and direction changes are subject to real-time guidance $ETH