Li Shengting: 1.1 Ethereum Early Morning Market Analysis and Trading Ideas
Today is the update time for major lines such as the yearly and monthly lines. Since today is New Year's Day holiday, we will temporarily set aside the major lines and give the technical analysis of the major lines some buffer time before analyzing them. For intraday analysis, we will focus on the daily and 12-hour technical charts.
From the daily technical indicators, the MACD indicator has shown signs of frustration again, the KDJ has formed a strong death cross in the middle, and the BOLL continues to oscillate downward overall; in the main chart, yesterday's main candlestick formed a doji (and it is a green TD1, indicating a potential end to the washout), today the main candlestick has again formed a red TD1, and MA5 is also showing weakness, so we continue to look bearish for the short term.
From the 4-hour level, the KDJ technical indicator shows frustration, the MACD has short-term bulls with decreasing volume, and BOLL continues to present a downward oscillation; the MA5 and MA10 moving averages in the main chart are converging and weakening, with the high MA30 showing a significant downward trend, so we continue to look for downward oscillation for the short term. The key support at the low remains the lower triangle range of 3330-3300 (there is a probability of breaking this level in the short term).
Ethereum: Short position around 3365-3395 Stop loss: 3456 Target: 3320-3260
Bitcoin: Short position around 94800-95300 Stop loss: 96400 Target: 93000-91600
The above is my personal early morning market analysis for reference only #比特币战略储备 #BTC $ETH