Maple Looks at Trends: Interpretation and Trading Suggestions for Bitcoin/Ethereum on April 9

The current KDJ and MACD indicators for Bitcoin/Ethereum have once again shown a downturn. Unfortunately, the long positions we set up in the early morning were swept out. On the daily chart, the KDJ and MACD are showing a bearish crossover, and the coin price has also broken below the lower trend line, indicating a technical change. In the main chart, the three-day MA moving averages continue to decline at different rates. However, there is a large gap between the five-day moving average and the current coin price. The technical trend of the 12-hour line is similar to the daily line, without a strong rebound in between. Currently, the coin price has reached the low support level, and it is expected that there will be a slight rebound after an oversold condition in the short term. For short-term operations, it is recommended to buy in batches during pullbacks. Specific levels to refer to:

BTC: 76300-75800 long, target 78300

ETH: around 1440-1420 long, target 1500

The above is my personal analysis of the intraday market. For more real-time strategies and free guidance, click on the avatar to follow the homepage introduction. Welcome to exchange and learn together!