Midday analysis of mainstream currencies (BTC, ETH)

BTC: The trend of the market is relatively strong, and the price volatility is not very high. The upper level has fallen back from around 35,000, and the lower level has been supported around 33,500. The box range has not come out of the oscillation, so the idea is to focus on high altitude and long low. The 15-minute level is currently under pressure on the MA240 moving average, and is expected to retrace its steps near the MA450 moving average, so we will first look at a wave of retracement in late trading. The technical indicator KDJ is slowly converging, and the MACD indicator is still in the form of a dead cross, with a bearish trend. It is recommended to go short near 34100, with a target of 500 points.

ETH: Ethereum made a sharp retracement in the morning, with the lowest reaching around 1770. It fluctuated higher at midday. There is still room for upward testing in the trend, but the pressure above is strong. In the short-term, the 15-minute level will only retrace its support after it falls back. The real counter-draw is similar to luring bulls at the current stage, so it is first recommended to go short around 1793-1796 in the evening and target around 1770.