Today's Thoughts and Operation Suggestions
Recently, the Bitcoin trend has shown significant changes on the technical front. After touching the peak connection line, the price has retreated as expected, and the current price order given previously has accurately validated this trend.
From the daily perspective, the MACD bullish energy bars are gradually flattening; although the dual lines are still above the 0 axis, the KDJ three lines are narrowing downwards, indicating that the upward momentum is weakening. In terms of the 4-hour indicators, the MACD dual lines have completed the convergence and formed a dead cross with the KDJ three lines; although it is still above the 0 axis in the short term, the trend has shifted from bullish to bearish, and the bullish energy bars have also shrunk to near the zero axis, showing a downward convergence trend after breaking the MA7. Looking at the 1-hour indicators, both MACD and KDJ have dead cross openings and are steadily descending, and the MA dual lines are also in an alternating convergence downward state, with an overall bearish pattern being significant.
In summary, the current market shows an overall bearish trend. We still need to pay close attention to the small support level of 105500 below; once this support is broken, the subsequent trend is likely to continue downward. Therefore, in the short term, we should adopt a bearish strategy, closely monitor the breakthrough situation of the support level; if broken, maintain a downward outlook; if unable to effectively break through, consider taking profits and reversing to a long position.
Bitcoin Operation Suggestions:
Short at around 107000-107500; if 105500 is effectively broken, continue to look downward, targeting a range of 500-3500 points. If no effective breakthrough occurs, take small profits and reverse to long, targeting a range of 500-2500 points.
Ethereum Operation Suggestions:
Ethereum will synchronize with Bitcoin in the short term.
