“There is no good or bad market. The key lies in how we grasp it.”
Ethereum: Yesterday (18) early morning, I posted a message telling everyone that Ethereum has bottomed out and is ready to break through at any time. On the evening of the 18th, it successfully rose to around 2120, which also reached our second target. Currently, from the 1/2 hour line, it has fallen below the MA5 moving average, and has begun to shrink and decline. KDJ is also in a downward trend. From the 4-hour line, MACD is running below the 0 axis. The daily trend is still relatively optimistic. Our long-term direction is still bullish, but the intraday operation recommendation is mainly short-term, because the 2050-2060 support level is still strong in the past few days, so it is recommended to do high-altitude and low-multiple.
Bitcoin:
The trend of Bitcoin is similar to that of Ethereum. The 4-hour line has not fallen below the 5MA line, and all indicators are still relatively healthy. However, from the hourly line, it is in a state of heavy volume and downward movement. We should first seize this short position. This test of the new high is also within yesterday's expectations. However, the pressure above 30,500 is too great, so we should wait for the next rebound opportunity in the long run.
Operation suggestions:
Ethereum: Short around 2090-2120, stop loss 20 pips, target around 2080-2060
Long around 2040-2050, stop loss 20 pips, target around 2100
Bitcoin: Short around 30200-30300, stop loss 200 pips, target around 29900-29600
Long around 29600-29500, stop loss 200 points, target around 29900
