1.28 Ethereum Morning Market Analysis and Operation Ideas

The current mainstream is alternately rising. You can see that the short-term indicators of Bitcoin and Ethereum are not linked, which is normal. In the past two or three months, it has basically been like this (for example, in the last round of rallies, Bitcoin started first, and then after the increase in Bitcoin ended, Ethereum started again. The emergence of this kind of market conditions is to use the advantages of the mainstream to affect the retracement sentiment, so that there is no obvious retracement between the mainstream and the volume continues to rise)

From a technical point of view, the daily currency prices of Bitcoin and Ethereum have stood above the MA5 daily average, so the short-term strengthening is not a big problem. It depends on whether the long-side sentiment of this round of bulls can continue and whether the long-side volume can effectively break through the strong pressure of 2300-2364 area.

From the perspective of the 12-hour level, Ethereum's KDJ has surged, and the MA5 and MA10 daily averages have also produced a technical change of joint strengthening, so this round of short-term rally has the probability of effectively breaking through the strong pressure of 2300-2364 area. If it can break through 2300-2364 in the short term, the subsequent currency price will move towards the upper track of the 12-hour BOLL (the approximate price is around 2573-2660).

On the contrary, if it fails to effectively break through the 2300-2364 area, the short-term currency price will still undergo a second round of short retracement, and the low support still refers to the 2200-2127 area.

Regarding the trend, I am still optimistic about the strengthening within the year, so even if it fails to effectively break through 2300-2364 in the short term, the subsequent short retracement is also to accumulate energy for the subsequent strengthening of the market. To put it bluntly, it is a matter of time to rise (here we should not be too anxious for quick success in short-term contracts, although the trend is strong, but the changes in the short-term market are also relatively frequent. I hope everyone who does short-term contracts should pay more attention to risks) #BTC #etf $BTC $ETH