6.8 Ethereum midday market analysis and operation ideas

In the early morning of today, the market makers carried out a round of large-scale selling, which led to the extreme market conditions of sharp decline and pin-in. From the perspective of daily technical indicators, the gap between the Ethereum daily line and the MA moving average has been repaired. From the perspective of experience, the proportion of retail investors who are bullish in the market is far greater than the proportion of bearish investors. It is also one of the usual means for the market makers to control the market and harvest.

From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator are both in the stage of shock adjustment. The volume of the MACD technical indicator is in a short position due to malicious selling in the early morning, but the BOLL technical indicator is still in an upward trend. This shows that the short-term decline is extremely limited. At the same time, the MA5-day moving average and the MA10-day moving average are glued together and moved. Here is a knowledge point: if the market is caused by pure harvesting factors, it is best not to refer to the short-term technology of this market. In terms of analysis technology, try to follow the tips given by the technical disk or trend indicators of the large cycle. Because after the absolute volume appears, its technology will be disordered due to the volume, etc.), the low point MA30 did not link the short position, but continued to move up.

As long as this round of decline in the early morning cannot affect the weekly MA and the daily MA30 daily moving average, how did this wave fall, and how will it rise back in the future. I originally thought that the market maker would sell the stock with a fluctuating momentum, but I didn't expect that the market maker would sell the stock maliciously first, so the current situation has also changed. I estimate that the price will rise back the same way it fell this time (although the market news is temporary, technology is the key to persistence, but the market maker is the most powerful

The early morning decline, I personally think that it is likely that the market maker is selling the stock maliciously in order to harvest the market, so in the subsequent ultra-short-term, Ethereum will have a certain low-level fluctuation adjustment (which can be understood as accumulation), and Ethereum will continue to rise in volume. The upper high point pressure price is still referenced at 3943-4060#BTC #ETH $ETH