720895086026.20 Early Morning Bitcoin Ethereum Market Analysis~ The market continues to fluctuate slightly, short-term trading strategy.
Since early yesterday morning, Bitcoin has continued to adjust with slight fluctuations. Our high short strategy has also been profitable. Congratulations to those who followed.
Currently, the daily K-line has again shown a TD3 downward trend, with the MA5 and 10-day moving averages and the middle track of the BOLL band starting to slightly press down on the coin price. The MACD and KDJ are in a bearish expanding downward arrangement, indicating that bears dominate on the daily level. The current resistance for daily highs is around 105200-106100. If the coin price cannot effectively stabilize above any resistance, maintain a bearish outlook.
On the 4-hour chart, the MA5 and 10-day moving averages are slightly resonating to press down the coin price. The overall trend of the BOLL band is also showing a downward divergence trend. The MACD and KDJ are still fluctuating below the waterline. Combined with the hourly chart, the current market is inclined towards slight range fluctuation adjustments. The short-term support is around 103500-102500, and the current trading volume is too weak. Therefore, personally, I believe that Bitcoin will not break below any support without significant volume, and profits can be taken at high positions. For operations from early morning to morning, my personal view is to focus on short positions, with a supplementary low long strategy.
Trading strategy: 103500-103000 short Target: 104500-105000, Stop Loss: 102700
Short positions should still refer to: 105000-106000 Target: 103500-102500
Ethereum currently trends in sync with Bitcoin, plus the daily overall trend follows Bitcoin's cycle. The short-term market also tends toward a downward fluctuation. However, due to lower trading volume and resilience compared to Bitcoin, the resistance for high points is around: 2548-2572. The support for low points is around: 2460-2430. Therefore, for operations from early morning to morning, my personal view is to focus on short positions, with a supplementary low long strategy.
Trading strategy: 2460-2430 short Target: 2500-2540, Stop Loss: 2415
Short positions reference: 2535-2555 Target: 2480-2460
For short-term trends, it is expected to be sufficient, and further updates will continue.