Li Shengting's 7.7 Ethereum Market Analysis and Trading Ideas
The short position in Ethereum given this evening has also successfully exited
Today, Ethereum experienced a bullish rise in the morning, reaching a high near 2604. From the daily technical indicators, there is still a certain level of selling pressure above, but the current KDJ and MACD indicators are in an upward phase. The BOLL indicator is continuously opening upward, and the three-day moving averages are arranged in varying degrees of upward movement. Based on the closing from the early morning, the trend in the early morning and morning appears to be mainly a fluctuating upward trend.
From the 4-hour technical indicators, the KDJ, MACD, and BOLL indicators are all in a bullish resonance phase. The upward momentum of the three-day moving averages is quite evident, and the current K-line is stabilizing above the five-day moving average, showing a green TD2 upward signal. Combining short-term and daily perspectives, I personally believe the coin price will undergo a round of upward movement in the early morning.
Ethereum: Long position in the area around 2530-2490 Stop loss: 2455 Target: 2600
Bitcoin: Long position in the area around 108000-107500 Stop loss: 106000 Target: 109500
The above is my personal market analysis and trading ideas for the early morning. Specific points and direction changes are subject to real-time guidance $ETH