Coin Circle Morning Light
2024-1-16
Good afternoon, fellow coin friends. At the intraday price given yesterday, Bitcoin gained 900 points and Ethereum also gained 55 points. At this time, the market began to rise. How should we choose the direction next? Let us go into the market and make a choice.
First of all, let's look at the four-hour line indicators. At present, the Ethereum KDJ three-line indicator shows a golden cross upward trend. The three-line indicator values are respectively at high levels, and the J line maintains a gentle upward trend. The BOLL track line has begun to show a narrow closing trend. The currency price remains near the middle track line to adjust and fluctuate. In the market, we can see that the MA5 daily line is flat but has a downward trend. Although the MA5 daily line is stable above the MA10 daily line at this time, the upward trend at this time has begun to slow down, indicating that there is a certain pressure trend above at this time, and the upward trend in the future market needs to be delayed.
Looking at the 1-hour line again, the KDJ indicator is still maintaining this upward trend, and the J line shows an upward inclination trend, which means that the price will continue to rise at this time. The BOLL track line maintains the parallel trend of these three lines, and the currency price remains on the upper track. However, it can be seen that the currency price in the market at this time has fallen below the MA60-day moving average, and the MA5-day line has an upward trend that pierces the MA10-day moving average, indicating that the current small correction is the beginning of accumulating strength, and the market will begin to rise after adjustments, first a correction and then an increase.
Operation range suggestion: Ethereum 2530 light long, callback to 2490 to add more, the upper target is 2580-2600 Bitcoin 42700 light long, callback to 42100 to add more, the upper target is 43300-44000
