Coin Circle Liying: On October 4, the market is in a wait-and-see mood! How will the volatility of Ethereum affect the market? Latest market analysis

Article release time 2024.10.4-13:00

The market basically goes as expected, it depends on how to do it. Liying reminded everyone yesterday that the continuation of the short position at the 2400 mark is critical, just like the focus on 2500 the day before yesterday. Today's market is still focusing on the market near 2400, and the support below is 2300. The specific follow-up layout will have to wait for the non-agricultural data. At present, it is not known whether the non-agricultural data is bullish or bearish. The specific information will be known after the news is released. Don't blindly guess in this way. It is more intuitive, safer and more stable to try data.

Looking at the current market price trend, first of all, Liying analyzed the K-line pattern and found that the recent price showed a downward trend, especially from 01 to 03. There was a large correction. In the 4-hour cycle, the K-line rebounded after hitting the low point many times, but it was still in a downward channel overall.

Technical indicators: In the 4-hour cycle, MACD is continuously below the zero axis, and both DIF and DEA are negative, showing obvious bear market characteristics. RSI hovering around 30 indicates that there may be a technical rebound demand in the short term. The current price is lower than EMA7, 30 and EMA120, indicating that the short-term, medium-term and long-term trends are all downward. The distance between EMA7 and EMA30 is gradually narrowing, and a dead cross may be formed.

Summary: The market is currently in a wait-and-see mood, so there will be a sideways market. At this time, the operation can be flexible and changeable. Just take precautions and there is room for self-control.

Liying's latest point reference today (sideways)

Long point 2300, cover point 2250, stop loss point 2220, target 2400

Short point 2450, cover point 2500, stop loss point 2550, target 2350

Reason: Band market, long at highs and short at the bottom

The above is Liying's brief analysis of the current market for investors' reference. $ETH #ETH合约 #以太坊合约