Li Shengting: 6.7 Ethereum Early Morning Market Analysis and Trading Ideas
This evening, Ethereum underwent a round of technical gap rebound repair, currently reaching a high point near 2530. From the daily technical indicators perspective, the KDJ indicator's three lines are still turning downward, and the MACD indicator shows a downward water-cross between DIF and DEA. The BOLL indicator is running in the middle track's lower area, and the downward channel is slowly opening. From the daily closing analysis, the technical gap between the coin price and the MA5 daily moving average still exists. Personally, I expect that after this round of rebound, the coin price will continue to face a second decline, with bottom support to pay attention to: around 2263-2187, this position is the MA30 daily moving average's bottom support, and breaking this level will lead to a second unilateral downward trend.
From the 4-hour technical indicators perspective, although the KDJ and MACD indicators are collaborating upward, the short-term BOLL indicator shows the coin price is closely sticking to the middle track area, indicating that the short-term upward space is somewhat limited. Meanwhile, Ethereum has shown a red TD3 signal in the short term. I personally believe that this evening's rebound is merely a repair of indicators after an oversold condition. Considering both daily and short-term analysis, I expect the trend in the early morning and morning to still mainly focus on oscillating downward.
Ethereum: Short sell around 2510-2540; Stop loss: 2587; Target: 2400
Bitcoin: Short sell around 105000-105800; Stop loss: 106500; Target: 101000
Note: The above is the latest strategy for early morning; friends entering the market at noon can add positions at appropriate levels, and the stop loss has also been adjusted.
The above is the latest early morning technical analysis for your reference; specific levels and direction changes should be based on real-time guidance $ETH