Coin Circle Morning Light
2024-1-17
Good morning, fellow coin friends. Yesterday, according to the intraday price guidance, Bitcoin opened perfectly and then covered the position at a low price, holding 800+1400 points in total. It was a pity that Ethereum did not take back at a low price, but there was still room for 80 points. Today, the market began to fluctuate in a narrow range in the morning. Let's go into the market and make an analysis of the future market trend.
First, we analyze from the four-hour line indicators. At present, the KDJ three-line indicator value is high, and the J line shows a small downward inclination. At the same time, the BOLL track line begins to open slightly, but the current currency price has begun to stabilize below the upper track line, indicating that there is a certain pressure from above at this time. The currency price will fluctuate when it rises, and we will wait for the BOLL track line to open and show an upward trend in the future. At the same time, we can see from the main chart indicators that the MA5-day moving average has begun to cross the MA10-day moving average, and the current currency price is steadily rising on the MA5-day moving average, indicating that the shock adjustment during yesterday's day has consolidated the foundation below, and the market will still fluctuate and rise steadily in the future.
Looking at the 1-hour line indicator, we can see from the hourly line indicator that the KDJ indicator has formed a downward dead cross, the three-line indicator value is slightly high, and the J line shows an obvious downward inclination trend, but from the BOLL track line we can see that the current three lines are clearly showing an upward trend, and the currency price is stable in the middle of the upper track, indicating that the currency price at this time will still be stable at the current position, but from the main chart indicator we can see that the current currency price has fallen below the MA5 daily moving average, and the TD indicator has reversed, but the current daily moving average is rising simultaneously, indicating that the decline at this time is only a certain correction, and the adjustment in the future market will still be dominated by an increase.
Suggested trading range: If Ethereum falls back to 2570-2560, you can buy more or buy lightly at the current price. The upper target is 2620. If it breaks through and stabilizes, it can reach 2650.
If the price of Bitcoin falls back to 43000-42700, you can buy more or buy lightly at the current price. The upper target is 43500. If it breaks through and stabilizes, it can reach 44000.
