Li Shenting: 7.28 Ethereum Afternoon Market Analysis and Trading Ideas
This morning, the price of Ethereum has been in a state of upward fluctuation. From the daily technical indicators, the current price has not fully repaired the technical gap created by the five-day moving average. From the daily technical indicators, we still look towards a downward correction to repair the technical gap. The lower support can refer to the range around 3657-3543. If this week's pullback does not effectively break this support, the price will naturally continue to fluctuate upward. At the same time, if the gap is not fully repaired and there is a one-sided upward trend, we need to pay attention to the larger-level market movements in the future.
From the 4-hour technical indicators, the KDJ technical indicator is in a state of high-volume contraction, and in the MACD technical indicator, the DIF and DEA indicators are crossing downwards. In the short term, a technical divergence has appeared, but in front of the absolute chips of the market makers, the technical indicators seem relatively powerless. At the same time, the technical indicators are just for reference; trading should also combine actual situations and experience for reasonable judgment. There are no absolute indicators in any market, so today we still look towards a technical downward correction.
Ethereum: Short in the range of 3885-3915, Stop Loss: 3978, Target: 3800-3760
Bitcoin: Short in the range of 119000-119500, Stop Loss: 120500, Target: 107000
The above is my personal afternoon market analysis for reference only. Specific points and directional changes are subject to real-time guidance $ETH
