9.18 Ethereum midday market analysis and operation ideas
Yesterday's early morning current price prompted the idea of shorting Ethereum/Bitcoin, which is in line with the expected trend. From the current point of view, today's currency price is still running below the MA5-day moving average, and the MA three-day moving averages are all falling to varying degrees. The BOLL technical indicator is still in a state of oscillation and downward movement. At the same time, yesterday's rebound sentiment did not cause damage to the middle track area, so today is likely to continue the downward sentiment.
From the 4-hour technical indicators, the BOLL technical indicator shows that the price of the currency yesterday was inserted above the middle track, but it was just an insertion and did not stabilize above the middle track. In the main chart, the rise yesterday was strong and the pin was inserted above the MA30 daily moving average, but the result was the same as the BOLL situation. The price of the currency did not stand above the MA30 daily moving average. At the same time, MA30 and MA10 continued to stick together and press down. From the side, it shows that the upper high point pressure is very strong, so the intraday trading idea is still recommended to focus on high altitude. As for the active performance of the market yesterday, it was mainly due to the influx of large amounts of funds into Bitcoin. Today, everyone can clearly see that the daily and 12-hour lines of Bitcoin are stronger than Ethereum, which means that the market indirectly affects the rhythm of Ethereum's decline while controlling Bitcoin. At the same time, friends who had short orders yesterday can reduce their positions and continue to hold them.
Ethereum: Short at 2330-2365, stop loss: 2397, target: 2260-2200
Bitcoin: Short at 60100-60600, stop loss: 61200, target: 59600-58500