6.17 Ethereum midday market analysis and operation ideas

From the weekly technical indicators of Ethereum, the KDJ technical indicators and MACD technical indicators show a small downward trend of fluctuations. At the same time, the short position is increasing. The BOLL technical indicator shows a retracement sentiment in the whole track of the currency price. At present, the weekly currency price is running below the MA5 daily moving average. The weekly support level is concerned, around 3352-3417. At the same time, the main K of the daily and 12-hour moving average is still suppressed by the MA5 daily moving average, and the long position is slowly shrinking.

From the perspective of daily technical indicators, the MACD technical indicator and BOLL technical indicator are in a state of oscillation and downward movement, while the KDJ technical indicator is oscillating and adjusting in the middle axis area. At the same time, the MA10 daily moving average continues to suppress. From the perspective of the comprehensive daily line, the technical indicators are weakening, and the subsequent trading ideas are recommended to be mainly rebound shorting.

From the perspective of 4-hour technical indicators, the KDJ technical indicator and the MACD technical indicator are in a state of long shrinkage. The DIF and DEA technical indicators in the MACD technical indicator are synergistically depressed, and a bottom dead cross structure is formed. The ultra-short-term BOLL technical indicator continues to weaken and decline, and the high point MA30 daily moving average is also continuously weakening. Overall, the overall market is weakening, and the operation ideas are recommended to be mainly rebound shorting.

Ethereum: Shorting in the area around 3540-3575. Stop loss: 3600. Target: 3480-3430

Bitcoin: Shorting in the area around 66100-66500. Stop loss: 66900. Target: 65300-64600#BTC #ETH $ETH