Personal analysis of Ethereum in the early morning of February 10

Technical aspects: Today's MACD and KDJ at the daily level belong to the stage of adjustment with reduced volume, and the overall BOLL continues to oscillate downward, and the lower track continues to open (as for the reason why the die cannot move today, the lower track opening amplitude is not too large); in terms of the main chart, the MA three-day moving averages continue to be arranged downward with different amplitudes, and today's two-cake price is still closed below the five-day moving average (according to the current sentiment of reduced volume, as long as the short-term rebound strength cannot cross the five-day moving average, it will continue to move southward and increase in volume in the future). In addition, please note that the weekly line of the two cakes this week is very bad, which greatly increases the probability of weakening next week (at present, everyone needs to beware of the update period at 8 o'clock tomorrow morning).

At the 12-hour level, the current KDJ, MACD and BOLL continue to resonate southward, and the main chart MA three-day is also arranged downward with different amplitudes. Although the technology is weak today, the ultra-short-term two cakes are indeed in a stage of oscillating and rebounding slightly, which is undoubtedly some induced behavior (the so-called divergence signal).

My personal opinion is that the overall rebound of the two cakes in the body from the early morning to today is most likely to pave the way for the next southward movement (accumulating energy to go further and die stronger).

Summary: I personally expect that the short-term in the early morning will still be mainly box-shaped oscillation, but today's intraday short-term rebound is most likely to accumulate energy for the subsequent southward movement. The current key support for the low point is still referenced in the 2500-2350 range (here to remind everyone, if the box oscillation continues in the early morning, then everyone needs to beware of the market during the eight o'clock in the morning. There may be strong fluctuations).

Now the 2500-2350 area is the key low point, and the carrying strength of this area is extremely strong. Judging from the box structure, the next two cakes will go south to touch the bottom of this area and then rebound and adjust; of course, everyone who needs to defend still needs to defend. If the 2500-2350 area is effectively broken, the next two cakes will go directly south to the 2000 to 1750 range.

That’s all for now for the early morning, and then wait for the update of the daily analysis essay tomorrow. Good night everyone.