Coin Circle Morning Light
2024-1-25
Good evening, fellow coin friends. Today, the market is fluctuating and adjusting. The price of Bitcoin is currently adjusting around 40,000, and Ethereum is also around 2,200, indicating that the long and short positions are in a state of game, and the current direction is still being chosen. Let us analyze the market for future operations.
First of all, from the four-hour line indicator, we can see that the KDJ three-line indicator of Ethereum is currently showing 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 an obvious downward inclination. From the BOLL track line, we can see that the current currency price is running on the lower track, and the three lines are pressing down synchronously, indicating that the pressure from above is relatively serious. In the main chart indicator, we can see that the MA5-day moving average has begun to move downward to suppress the rise in currency prices, and at the same time, it is crossing the MA10-day moving average downward. It is difficult to rise in the future, and we can take short positions at high levels in the future.
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 has begun to shrink. The currency price is running on the lower track line. In the main chart indicator, we can see that the current MA5-day moving average has an obvious downward inclination trend, which suppresses the current currency price. It means that the market will continue to pull back in the future. It is recommended to buy on highs.
Operation range suggestion: Ethereum current price 2200 short, rebound 2230 short, look at 2140 below
The current price of Bitcoin is 40000, short, rebound to 40500 to cover short, and the lower side is 38500
