Coin Circle Morning Light
2024-1-26
Good evening, fellow coin friends. Today, the market is fluctuating and adjusting. At present, the price of Bitcoin is above 40,000 again, and Ethereum is also standing firm at the support of 2,200. However, the overall trend is still a little weak. Let us analyze the market outlook.
First of all, from the perspective of the four-hour line indicators, the current Ethereum KDJ three-line indicator shows a golden cross trend. At the same time, the three-line indicator value has tended to a high level. The J line has entered the overbought area and the upward trend is more obvious. From the BOLL track line, we can see that the current currency price is running below the upper track line, and the three lines are beginning to close, indicating that the currency price needs to adjust its trend at this time and there will not be large fluctuations. In the main chart indicator, we can see that the current MA5-day moving average has crossed the MA10-day moving average, indicating that after recent adjustments, Ethereum’s foundation has been consolidated and the market will find the right time to rise in the future.
From the 1-hour line, the KDJ three-line indicator is also in a golden cross trend, and the three-line indicator value is also tending to a high level. At the same time, the J line has obviously entered the overbought area, and the BOLL track line has a slight opening trend. The currency price is running below the upper track line. In the main chart indicator, we can see that the MA5 daily moving average has an obvious upward inclination trend. At this time, the MA5 moving average has crossed other daily moving averages, indicating that the upward trend is relatively fierce at this time. It is recommended to take long positions in the future market operation.
Operation range suggestion: Ethereum pulls back to 2230 to buy, the upper target is 2280
Bitcoin pullback to 40700 to buy, target 41500
