Mufeng Looks at Trends: 12/2 Market Intraday Trend Interpretation and Trading Ideas

In terms of Bitcoin/Ethereum daily lines, the current 5-day moving average is rising, which indicates that buying sentiment is still quite strong. The indicators in the sub-chart continue to show bullish resonance. Therefore, it seems likely that this month will either push towards the previous highs or break through historical highs to create a double top before making adjustments. On the 12-hour level, the KDJ and MACD indicators continue to fluctuate upwards, and the BOLL shows that the upper track has opened again, indicating that there is room for growth. The main chart's 3-day moving averages are also maintaining a bullish arrangement. Overall, the technical movement on the 12-hour line is also quite strong. In the short term, we continue to expect a fluctuating upward trend, and specific trading points can refer to:

BTC: 96000-95000 buy, target 98000

ETH: 3650-3600 buy in batches, target 3750

The above is a personal intraday market analysis, first published on the public account: Mufeng Looks at Trends. Welcome to communicate and learn together!