Coin Circle Morning Light
2024-1-23
Good evening, fellow coin friends. Today, the market trend has fallen sharply. At present, various indicators have been broken. At this time, Bitcoin has fallen below the 40,000 mark, and Ethereum has bottomed out at 2,200. At present, indicators have begun to repair and the market has adjusted. How should we choose the future market direction? Let us go into the market and make an analysis.
First of all, from the perspective of the four-hour line indicators, the current Ethereum KDJ three-line indicator shows a downward dead cross trend. At the same time, the three-line indicator value has tended to a low level, and the J line has entered the oversold area. At this time, the BOLL track line shows a large opening trend. The currency price has fallen below the lower track line. The TD indicator in the main chart indicator has entered the 13th stage. At present, the downward inclination trend of the MA5 daily moving average suppresses the current currency price. It means that the currency price will continue to decline and adjust at this time. There will be a rebound opportunity only after the market falls below the repair.
From the 1-hour line, the KDJ three-line indicator is also in a dead cross trend, and the three-line indicator value is also tending to a low level. At the same time, the J line has obviously entered the oversold area, and the BOLL track line is opening synchronously. The currency price is oscillating near the lower track line. The MA5-day moving average in the main chart indicator continues to suppress the upward trend of the currency price. The pressure from above is relatively severe. At this time, the currency price will continue to adjust downward and maintain a downward trend. It is currently recommended to be safe to short
Operation range suggestion: Ethereum current price 2210 short, rebound 2230 short, look at 2140 below
The current price of Bitcoin is 39,000, short, rebound to 40,000 to cover short, and the lower side is 37,500
