Mu Feng's Trend Analysis: 7/10 Market Early Morning Trend Interpretation and Operation Ideas
From a technical perspective, the current KDJ and MACD indicators of Bitcoin/Ethereum daily level have a small reduction in short positions, and the BOLL lower track has a small contraction compared to the daytime. The price is basically oscillating near the lower axis. The 4-hour short-term level of the currency price continues to oscillate and adjust in the box, and the operating channel forms a narrowing state adjustment. The price drops to the small cycle support and then repairs slightly. In the short term, it is just repaired, not rebounding. Therefore, the analysis ideas of the short-term market in the early morning have not changed much. I personally expect that the currency price will have a small shock and step back to adjust the mood in the future. In terms of thinking, we can keep the high altitude as the main focus. The specific points can be referred to:
Bitcoin: 58000-58500 short, target 56500
Ethereum: 3070-3100 short, target 3000
The above is my personal early morning market analysis, "Official Account: Mu Feng's Trend Analysis" is the first release, welcome to communicate and learn together! #BTC #ETH