The market is currently around US$73,000, and the market is showing a bullish trend. Compared with yesterday, it is in a pullback trend, showing a short-term bullish trend. The upper support point is focused around $73,400, and the bottom support of the EMA daily moving average has moved up to $68,400 again. The MACD on the daily K-line has begun to show signs of divergence, and the upward stretch of the KDJ indicator has also encountered certain resistance. It implies that the space for bulls may be limited in the short term, and a wave of correction is expected, so caution needs to be maintained. In addition, the opening of the Bollinger Bands indicates that the daily K-line has been testing the upper pressure level of the Bollinger Bands and has continuously broken through, which is also a signal that needs attention.
On the four-hour K-line chart, it is currently in a V-shaped transition form. The K-line once again stands above the EMA trend line. The MACD indicator shows shrinkage and upwards, while the KDJ indicator also shows signs of upward closing. The pressure level above the Bollinger Bands Near $73,500, the bullish trend has not changed in the short term, but it may be dominated by high altitudes in the later period. Therefore, it is necessary to set up stop loss and take profit and do a good job in risk control.
After ETH experienced three consecutive dives and pullbacks in March, after the strategy update yesterday, the space has shrunk. The short position point is at US$4,040, and the profit stop is at US$3,930. The lowest of the market touched around US$3,830. The short-term pressure above the daily K-line is around $4,065. If it cannot be exceeded, a wave of correction is expected. There is not much room for bulls in the short term, so it is recommended to wait and see. As for the four-hour K-line, it has reached the moving average high, but the trend is blocked near $4,065. The Bollinger Band pressure level has been raised from $4,085 to $4,105. The lower support points focus on $3,980 and $3,860. In terms of thinking, it is recommended to focus on high altitude and supplement by low long position.
【Today’s results】
ORDI scored 800 points. The recent rebound in aviation conditions has been strong, and the competition between long and short has become more intense. Placing orders will definitely bring good losses.
