7.11 Ethereum early morning market analysis and operation ideas

Ethereum has been in the long resonance stage today. From the perspective of daily technical indicators, the three lines of KDJ technical indicators turned upward, and the DIF in the MACD technical indicator formed a golden cross upward, but the MA5-day moving average and the MA10-day moving average cooperated to press down. However, the support below the daily technical indicators is relatively strong, and it did not effectively link the shorts to fall in large volume. At the same time, the MA30-day moving average continued to strengthen, so the trading ideas in the early morning and early morning remain unchanged, and it is recommended to still focus on retracement and long positions

From the perspective of 4-hour technical indicators, the KDJ technical indicator and the MACD technical indicator are in the stage of continuous strengthening of the golden cross, the ultra-short MA5-day moving average and the MA10-day moving average continue to rise, and the BOLL technical indicator is running in the middle track area. At present, the price of Ethereum is also above the MA5-day moving average, so the operation ideas in the early morning and early morning are still mainly around retracement and long positions

Ethereum: 3120-3085 near split positions to do more Stop loss: 3153 Target: 3170-3230

Bitcoin: Long positions around 57700-57200 Stop loss: 56600 Target: 58600-59800#BTC #ETH $ETH