Market evening analysis:

Looking at the short-period hourly chart, the 4-hour Bollinger Bands have opened downwards, and EMA7 has penetrated EMA30 and EMA120, showing a short position. The DIF and DEA in the MACD indicator are both below the zero axis, but the fast line shows an upward trend. At the same time, MACD The histogram gradually shrinks in the negative range. The KDJ indicator diverges upward, and is expected to test upward in the short term, but the medium and long-term trend is still relatively weak. In the future, we need to focus on the 60,000 support level below. If it does not break, it will fluctuate back and forth at the current position to accumulate funds. Once the level is broken, it may move towards the sun. K Bollinger moves towards the lower track of 57500.

The price of Ethereum has shown a significant downward trend recently. Although it rebounded today, the rebound was relatively weak, and the overall price is still in a low and volatile state. Observed from the short-period hourly chart, the current price is running in the middle and lower track areas of the Bollinger Bands. In the MACD indicator, both DIF and DEA are negative and continue to diverge downwards. The KDJ indicator shows a contraction trend, and the overall trend is still biased towards the short side. #BTC