In the 4-hour chart, the K-line shows that the market formed a large retracement after touching the top EMA250. After the K-line retreated to the EMA10 position in the evening, it stood above EMA60 again to test EMA80, and the lower EMA15 and EMA30 continued to move up.
Even the middle rail is constantly rising, so the entry point of long orders may also need to rise with it, and the upper rail in the channel continues to close. Another thing is that there is still a shrinking downward trend in MACD.
DIF and DEA are also forming a short-term closing. As long as the DIF fast line does not cross DEA and enter below the 0 axis, the market will diverge and retrace even if there is a retracement. Therefore, it is still possible to do more defensive ranges. Then, for shorting in the range, continue to consider the top EMA250 and the upper rail. If it does not break through, you can enter the short position $BTC $ETH
Even the middle rail is constantly rising, so the entry point of long orders may also need to rise with it, and the upper rail in the channel continues to close. Another thing is that there is still a shrinking downward trend in MACD.
DIF and DEA are also forming a short-term closing. As long as the DIF fast line does not cross DEA and enter below the 0 axis, the market will diverge and retrace even if there is a retracement. Therefore, it is still possible to do more defensive ranges. Then, for shorting in the range, continue to consider the top EMA250 and the upper rail. If it does not break through, you can enter the short position $BTC $ETH