Mu Feng Looks at Trends: Interpretation of the Market's Intraday Movement on 12/18 and Trading Ideas

　　The short-term movements of Bitcoin/Ethereum have experienced setbacks and declines, but currently, there are no signs of a significant breakdown. The short-term prices are still fluctuating around the MA30-day moving average. On the daily chart, the current KDJ and MACD show a dead cross structure, and the BOLL is still continuing to oscillate upwards overall. Therefore, the middle line is regarded as the first key support area for the short term. Looking at the 12-hour level, the current KDJ and MACD are in a dead cross resonance decline, and the BOLL short-term movement is sideways and downward. The short-term coin price is making tentative attempts to break through near the middle line; the main chart MA5 and MA10 day moving averages have slightly turned down and weakened, but the MA30 has not yet correlated with the bears. Here, we safely consider the price at the daily BOLL middle line as the key support for participating in long positions. The trading strategy suggests that we primarily accumulate longs on pullbacks, with specific points of reference as follows:

　　BTC: Long at 104000-103000, target 106000

　　ETH: Long near 3870-3830, target 3950

　　The above is my personal intraday market analysis, first published on 'Public Account: Mu Feng Looks at Trends'. Welcome to discuss and learn together!