7.28 Ethereum early morning market analysis and operation ideas
Tonight, Ethereum bulls tested the upper pressure level, but failed to effectively break through and stabilize the upper pressure level of 3323. Then Ethereum began to fall under pressure. From the perspective of daily technical indicators, the strength of this round of rebound is still firmly suppressed by the upper MA5 daily moving average. The bullish rebound strength in the evening did not damage the upper pressure level, but fell under pressure. Therefore, the trading ideas in the early morning remain unchanged, and rebound shorting is still the main focus.
From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are still in a state of oscillation and downward movement, while the BOLL technical indicators continue to open downward, but the ultra-short MA5-day moving average continues to strengthen. It should be noted that the MA10-day moving average continues to press down. There is not much change in the comprehensive technical indicators. It is recommended to continue to focus on rebound short selling.
Ethereum: 3285-3315 near the first line of short selling, stop loss: 3347, target: 3260-3230
Bitcoin: 68900-69300 near the first line of short selling, stop loss: 69800, target: 68200-67600#BTC #ETH $ETH
