Mu Feng Looks at Trends: Bitcoin/Ethereum Market Analysis and Operation Suggestions for the Evening of 12.15
From a technical structure perspective, the KDJ indicator for Bitcoin/Ethereum on the weekly level has slightly weakened in its decline this week, and the MACD has been in a shrinking phase for three consecutive weeks, with last week showing a pressure drop situation. Technically, the main K has also shown an upward spike, indicating that there is still significant selling pressure at high points. Additionally, DIF and DEA are in a continuous downtrend, and the lower Bollinger Band is also continuously widening. Overall, this week may see a situation of rebound followed by decline, with the rebound timing and strength expected to be not too strong.
On the daily level, today’s KDJ and MACD indicators are oscillating around the midline, and the Bollinger Bands are approaching upwards during the day; the main chart's MA5 moving average continues to press down, while the MA30 moving average's low point is continuously flattening and oscillating. Personally, I expect that the short-term in the evening will mainly be sideways oscillation with upward behavior. For operations, it is advisable to treat it with a long position on the pullback; specific points of reference are:
BTC: 87500-87000 long, target 89500
ETH: long around 3030-3000, target 3130
The above is my personal operation suggestion for the evening. The market is ever-changing, and this article has certain delays, for reference only. Specific operations should be based on real-time guidance in actual trading #BinanceABCs #美联储降息 #巨鲸动向


