7.13 Ethereum Analysis
In the 4-hour chart, the Bollinger Bands track is in a stable parallel state, reflecting that the market has entered a relatively stable oscillation pattern in the short term. The K-line struggled to hit the upper track in the early morning, but then encountered resistance and fell back to the middle track, showing an intention to move closer to the lower track. In this range, the K-line is supported by both EMA15 and EMA30 below, while it faces clear suppression from EMA80 above. Given that the market activity is usually low on weekends, the market volatility is expected to be limited. Therefore, we can flexibly arrange in this range and adopt a high-altitude and low-multiple strategy to cope with market changes.
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Looking further at the daily level, the K-line trend of Ethereum is similar to that of Bitcoin (Bread), and both face pressure from the EMA10 and EMA15 ranges above. However, unlike Bitcoin, Ethereum's EMA60 did not cross EMA80 as expected, indicating that there is still some resistance above. At the same time, EMA30 continues to move downward above EMA120. This phenomenon deserves our close attention, because once EMA30 successfully crosses EMA120, it may bring stronger downward momentum to the currency price.
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In terms of MACD indicators, the volume continues to shrink below the 0 axis, and DIF and DEA gradually converge at a low level, which seems to form a golden cross, which is usually regarded as a signal that the market may usher in a turnaround. However, we also need to be alert to the reappearance of similar pullbacks in the previous round of market conditions. Therefore, we should be cautious in operations and strictly set stop-profit and stop-loss to ensure that risks are controllable. $DOCK $MDX $POLS #美联储何时降息?