8.29 Ethereum early morning market analysis and operation ideas
Today, Ethereum rebounded during the day, with the highest point reaching 2549, and then the price began to fall. Overall, the bulls did not continue to break through the upper pressure, which shows that this round of rebound is just to repair the technical indicators. From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator continue to be in a short position and fluctuate downward, and the BOLL technical indicator continues to open to the lower track. Among them, the MA three-day moving average is in a fluctuating downward trend. At the same time, the current K line connects the red TD7 and is short-term and large-scale. Overall, the price of the currency will still fluctuate and fall in the early morning today.
From the 4-hour technical indicators, the KDJ technical indicator and the MACD technical indicator are dead cross and falling, the BOLL technical indicator is running in the lower track area but has not linked the short position to increase the volume, the ultra-short MA5-day moving average and the MA10-day moving average are working together to press down, and the MA30-day moving average is in a short position and continues to fall in volume, so the idea remains unchanged this morning, and it is still recommended to focus on rebound shorting
Ethereum: shorting in the area around 2510-2535, stop loss: 2567, target to; 2430-2380
Bitcoin: shorting in the area around 59200-59700, stop loss: 60400, target to: 58600-57800#BTC #ETH $BTC
