Li Shengting: Evening Market Analysis and Trading Ideas for Ethereum on July 9
Ethereum has been in a breakout rally phase since this morning, with the price reaching around 2670 in the evening. From the daily technical indicators, the KDJ indicator shows a golden cross and continues to oscillate upward, while the MACD indicators DIF and DEA cross upward. At the same time, the MA5 and MA10 moving averages are in a resonating upward phase. The BOLL indicator shows that the price has stabilized at the upper band and is slowly opening upward. In terms of the strength of this evening's rebound, the bullish upward momentum has not ended.
From the 4-hour technical indicators, both the KDJ and MACD indicators show a golden cross and are resonating upward, while the BOLL indicator continues to strengthen in the short term. All three-day moving averages show a bullish arrangement. The MA30 moving average is also strengthening. Currently, Ethereum's price is stabilizing above the five-day moving average, so the trading strategy for this early morning and morning is to buy on dips in batches.
Ethereum: Buy in batches around 2655-2625 Stop Loss: 2576 Target: 2700-2730
Bitcoin: Buy in batches around 109000-108500 Stop Loss: 107000 Target: 113000
The above is my personal evening market analysis for your reference only. Specific points should be based on real-time guidance $ETH
$BTC
