1.8 Bitcoin and Ethereum market plummets, washout, subsequent trend analysis and operational suggestions!

CN
允彦
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11 days ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: In terms of Bitcoin, the daily chart shows a large bearish candle near the middle band of the Bollinger Bands, which is starting to open downwards. The MACD moving average is gently declining, bullish volume is beginning to decrease, and the KDJ line is moving downwards. On the 4-hour chart, the Bollinger Bands continue to open downwards, with the price directly declining to near the lower band, the MACD moving average is declining, bearish volume continues to increase, and the KDJ line is moving downwards;

In terms of Ethereum, the daily chart shows a large bearish candle below the middle band of the Bollinger Bands, which is starting to open downwards. The MACD moving average is stable, bullish volume continues to decrease, and the KDJ line continues to move downwards. On the 4-hour chart, the Bollinger Bands continue to open downwards, the MACD moving average is declining, bearish volume is beginning to decrease, and the KDJ line is moving downwards;

In summary, the overall market is currently in a state of overselling and low-level consolidation. The subsequent operation suggests focusing on shorting during rebounds!

Operation Suggestion: Focus on shorting during rebounds!

Short Bitcoin in the 96500-97000 range, with a target of 95500-94000 and a stop loss at 98000;

Short Ethereum in the 3380-3410 range, with a target of 3320-3220 and a stop loss at 3450;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

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