6.9 Ethereum early morning market analysis and operation ideas

Today's weekend is a legal holiday, so the fluctuation is not large. The overall trend is still in a narrow range. From the perspective of daily technical indicators, KDJ technical indicators and MACD technical indicators are both in the stage of oscillating and leveling, and the BOLL technical indicator track has not opened to the lower track. From the overall trend, Ethereum's short-term decline is to pave the way for a stronger bullish volume increase in the future.

From the perspective of 4-hour technical indicators, both Ethereum and Bitcoin are in a state of short-term shrinkage. At the same time, the ultra-short MA5-day moving average has an upward turning sentiment, and the low MA30-day moving average continues to strengthen. From the perspective of ultra-short-term indicators, the coin price may rebound in the early morning today. The price can refer to the area around 3743-3770. At the same time, if Ethereum can effectively break through this pressure level above, the subsequent coin price will continue to rise to around 3943-4060. Therefore, the trading ideas in the early morning and early morning are still mainly based on retracement and long positions.

Ethereum: Long position near 3690-3665, stop loss: 3637, target: 3735-3760

Bitcoin: Long position near 69400-68800, stop loss: 68200, target: 70000-70600

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