Mainstream currency market analysis

The market was trading sideways over the weekend, falling slightly, but Ether fell below 2,500. Looking at the hourly line, the rebound was relatively weak, with insufficient trading volume, and MACD running below the zero axis. The moving average gradually turned into pressure, and the Bollinger Bands opened downward. There was no big drop in the short term, but the trend has gone bad, and the day-to-day thinking is still high. Pay attention to the upper pressure near 2520, which happens to be the middle rail area of ​​the Bollinger Bands. It is recommended to place short orders near 2520 on a rebound, with the target of 2450-2400. If the market rebounds after a decline, then the trend is still dominated by shorts. It is recommended to place short orders near 42600. Target 41500-41000.

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