Li Shengting: 2.5 Ethereum/Bitcoin Afternoon Market Analysis

From the daily technical indicators of Ethereum, the KDJ and MACD indicators continue to show a death cross with increasing downward momentum, the BOLL indicators are opening downward along the entire track, and the MA three-day moving averages are arranged in a bearish pattern. Currently, the price of Ethereum is still constrained by the MA three-day moving averages, and the price is also below the MA five-day moving average, showing a red TD4 downward signal arrangement. Overall, Ethereum is likely to continue to experience a volatile downward trend today,

From the four-hour technical indicators, the KDJ and MACD indicators are showing a slight golden cross rebound, while short-term trading volume is continuing to decrease, indicating that short-term bullish momentum is insufficient. The BOLL indicators continue to fluctuate downward, while the MA five-day and MA ten-day moving averages are also under downward pressure, and the MA thirty-day moving average is also continually suppressing further declines. Overall, the strength of the rebound is relatively weak, and it is recommended to focus on short positions during rebounds today.

Ethereum: Short positions near 2775-2800, Stop Loss: 2857, Target: 2680-2650

Bitcoin: Short positions near 97700-98200, Stop Loss: 98900, Target: 95000-94500

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