Mufeng Looks at Trends: Interpretation of Market Movements and Trading Ideas for 12/14

Bitcoin/Ethereum today is in a short-term market of 'initial rise followed by suppression'. Overall, looking back, it is still in a volatile phase. Although the evening prices faced setbacks, the technical aspects on the daily and 12-hour charts are still quite strong. Therefore, the short-term analysis approach remains mostly unchanged. Currently, the daily BOLL is still very strong, and the MACD and KDJ have shown some fluctuations, but it's not a big issue; the main chart MA30 and MA10 moving averages continue to resonate positively. On the 12-hour chart, the focus is mainly on the technical movements of MA5, MA30, and BOLL. As long as MA30 can hold, any short-term declines are just a false signal to lure short positions. So, I personally still suggest mainly buying on dips in the short term (considering the weekend is approaching, the trading volume is likely to be weak, so I recommend trading with light positions in the short term, reducing the position size for each entry, and entering in batches would be relatively safer). Specific points of reference are as follows:

BTC: Buy around 100000-99000, target 102000

ETH: Buy around 3890-3850, target 3970

The above is my personal market analysis from early morning, first published on 'Public Account: Mufeng Looks at Trends'. Welcome to exchange and learn together!