9.20 Ethereum midday market analysis and operation ideas
Today at noon, Ethereum bulls have been in a state of sharp rise, and the high point has even reached the 2564 first-line area. This round of breakout and rise actually shows that the market has a round of warming sentiment after the interest rate cut. In fact, the US has cut interest rates. Bitcoin, as a competitor of the US dollar, can also be said to be a competitive relationship. In fact, it is manipulated by the US dollar. Combined with the trend after the interest rate cut, Bitcoin is nothing more than a temporary hedging tool for the US dollar. From the perspective of daily technical indicators, the current rebound strength directly affects the falling rhythm of the MA5-day moving average. At present, the KDJ technical indicator and the MACD technical indicator are rising in a golden cross resonance, and the BOLL technical indicator shows a slight upward sign, but the opening amplitude is not particularly strong. This means that if you want to continue to rise during the day, you must break out and rise. This situation is not a normal technical scope. At the same time, the MA5-day moving average and the MA10-day moving average cross and rise at a low level. At the same time, the MA5-day moving average and the MA10-day moving average also successfully stand above the MA30-day moving average.
From the 4-hour technical indicators, the KDJ technical indicator shows an oversold signal in the short term, and the BOLL technical indicator breaks down. At the same time, Bitcoin and Ethereum show green TD9 at the same time. Combining the daily and hourly lines, there will be a round of retracement in the evening or evening today, but it will not be too strong. After the technical adjustment, it is likely to continue to rise. The downward force may be around 2500-2470. We can try to short at noon.
Ethereum: short near 2555-2575, stop loss: 2612, target: 2500-2480
Bitcoin: short near 63600-64000, stop loss: 64500, target: 62800-62300#加密市场反弹 #美联储宣布降息50个基点 $ETH
