Mu Feng: 10.26 Bitcoin/Ethereum market analysis and strategic suggestions
You said that winning or losing is only the will of God, and my profit and loss are all based on strategy. The Buddha saves those who are destined, and I take care of those who care about me. Hello everyone, my name is Mu Feng. Hello friends who like contract investment.
From the technical structure point of view, the overall trend of Bitcoin/Ethereum fluctuated and rose yesterday. It shot high in the early morning and began to fall back. The daily closing line brought a shadow line of Yang K, the MA long increase rose to a short-term peak, and the KDJ three-line high diverged. Although the trend Strong but the high point has not been refreshed, and the market will enter the high correction stage in the short term. From the four-hour chart, the Bollinger Bands are opening upward, the K-line stage is upward, and the bottom moving average indicator continues to move upward, but the MACD top deviates from the fast and slow line The dead cross is about to go downwards, and the energy of bulls begins to shrink. Therefore, although the general trend is bullish now, we need to pay attention to the risk of stepping back. The hourly level currency price is currently running near the middle track of the Bollinger Bands. If you want to continue to rise in the future, you still need to pay attention to it. It takes a certain amount of time to consume the bullish sentiment in the market. It is currently consolidating at a high level. Although the Bollinger Bands are open, there are signs of shrinking. The MACD bullish energy column below has begun to shrink. The KDJ three-line MACD two lines have merged. In a short period of time, The long and short energy has been consumed. Regardless of the unilateral continuation, looking at the overall situation, the short-term retracement momentum is relatively large. It is recommended to focus on high-altitude thinking for intraday operations. For specific points, please refer to:
Bitcoin: 34800-35000 short, target 34000, defense 300 points
Ethereum: empty near 1820-1840, target 1760, defense 30 points
This article was exclusively planned by analyst Mu Feng. Thank you to the readers for your love and support for this article. I hope everyone can gain something and gain insights from the article! Regardless of whether the views and strategies of the article agree with everyone else’s, you can find me to discuss and learn together! If you still can't accurately grasp the market trends and points, you can chat with me. I hope I can help you find what you want in the currency circle.
Note: This article is timely and the above strategies are for reference only. If there are any followers, please pay attention to risk control. The specific entry and exit time points will be based on real-time guidance. #pol #sbf #linea #etf #BTC
