Looking at Bitcoin from the daily line, the current MA256 daily moving average (59000) is where you should be bold and use a small stop loss to go long once. However, judging from the current rebound strength, the rebound is not strong. Therefore, it is still unknown whether the 59000 line can be held. Going long based on this line needs to be postponed. Even if you go long, you should use a small stop loss and a light position to bet on a rebound. First, pay attention to at least the 1-hour level price to stand above the MA5/10 daily moving average before considering going long. In the short term, pay attention to the gains and losses of 59000. If it falls below, you can follow up with shorting and look at the lows of 5.7-56000. $BTC
For Ethereum, all daily moving averages are currently deviating seriously from the indicators of loss. The price has fallen to the daily MA256 daily moving average (2450). You can pay attention to the gains and losses of 2450 during the day. The overall direction follows the trend of Bitcoin. Today's decline just stepped on the 5-day MA256 daily moving average support of 2400. The short-term rebound is relatively weak. It is recommended to short the rebound more steadily. Wait for the market to stabilize before trading. $ETH
Note: The overall market is relatively weak. If you are long, it is recommended to trade with a light position and a small stop loss. It is recommended to do a short order on the rebound; the current rebound is weak, and there is a high probability that the decline will continue after the shock consolidation!
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