From the current market situation, short-term operations are not very suitable for entering the market. The daily chart has already formed a bearish K-line pattern. Even if the intraday market rebounds again from the bottom, it is still evident that the bullish performance is sluggish!
Returning to today's overall market, unlike before, we used to look at the technical indicators of the 4-hour and 1-hour charts. Now that half a week has passed, we have to broaden the range. We need to pay more attention to the technical structure of the 12-hour and daily charts. The 12-hour technical indicators show that the K-line previously pierced through the middle track of the Bollinger Bands, and the KDJ three lines forming a death cross is still continuing. The MACD bullish momentum is gradually shrinking. The daily structure, after a previous four consecutive bullish days, has seen a pullback. The K-line is currently in a bearish K-line pattern, and the MACD bearish momentum, after previous accumulation, is once again being released. The KDJ three lines are initially converging and showing a trend towards forming a golden cross! In summary, the short-term outlook still focuses on setting up shorts at high positions!
BTC: Short near 96000—96500, target: 95000—94500, risk control: 97000. ETH: Short near 3720—3750, target: 3650—3600, risk control: 3780.
Do reasonable control of positions in trading, and avoid heavy or full-position operations. Investment and financial management is not a matter of a day or two; previous losses do not mean future losses, and previous profits do not guarantee future profits. Communication: eth8986
