1. The former trend of the daily line: Yesterday, MACD hesitated between the death cross and the rejection of the death cross. If it rejected the death cross, there would be a turnaround. Today, the death cross was confirmed, so the top divergence signal of the daily line was confirmed. ETH should not be kept in the position. It represents the altcoin, so it is very likely to lead the market down;
2. BTC closed below the 5-day moving average for two consecutive days. Short-term weakness has emerged. MACD has turned red from the current form. Confirmation of the death cross needs to wait until tomorrow's close, but from this trend, it is more dangerous than good. At this time, everyone must reduce their positions. This daily level divergence will cause a large number of technical traders to leave the market to avoid risks.
3. The overall position is recommended to be within 30%, including altcoins. Yesterday I gave you some altcoin trading plans. If there is any floating profit or loss, it is recommended to exit. Originally, we should wait for today to confirm the market trend before deciding whether to enter or not. I suspect that some people have already entered the market, so be cautious about the current market.
