12.11 Afternoon Analysis and Suggestions
Looking at the market, the daily K-line has a highest of 98270 and a lowest of 94250. The trend has not completely reversed yet, the EMA trend indicator is still bullish, and the MACD is showing a shrinking downward movement. The top divergence trend support point is near the 90,000 mark. The Bollinger Bands are still contracting, and the K-line has broken below the median at 97000, starting to impact the lower band at 92700. The upper band pressure point is at 101300, and the short position is already quite obvious!
The four-hour K-line has broken below 95700, and the overall trend indicator has started to spread downward, entering a bearish phase. Therefore, it is advisable to consider trying to short, as the trend is beginning to lean towards bearishness. It is not advisable to stubbornly go long. This is a typical secondary jump platform, and when retracing, pay attention to the pressure level above 98000 for potential short positions. For long positions, watch for support below the trend line at 92000. Day trading should revolve around high selling and low buying!
Suggestions
If Bitcoin does not continue above 98000, we can enter a short position, targeting these three positions: 96500-95000-94000.
Ethereum: During the day, mainly focus on the upper levels of 3670, 3770, and 3840, with target positions at 3515 and 3475.
Looking at the market, the daily K-line has a highest of 98270 and a lowest of 94250. The trend has not completely reversed yet, the EMA trend indicator is still bullish, and the MACD is showing a shrinking downward movement. The top divergence trend support point is near the 90,000 mark. The Bollinger Bands are still contracting, and the K-line has broken below the median at 97000, starting to impact the lower band at 92700. The upper band pressure point is at 101300, and the short position is already quite obvious!
The four-hour K-line has broken below 95700, and the overall trend indicator has started to spread downward, entering a bearish phase. Therefore, it is advisable to consider trying to short, as the trend is beginning to lean towards bearishness. It is not advisable to stubbornly go long. This is a typical secondary jump platform, and when retracing, pay attention to the pressure level above 98000 for potential short positions. For long positions, watch for support below the trend line at 92000. Day trading should revolve around high selling and low buying!
Suggestions
If Bitcoin does not continue above 98000, we can enter a short position, targeting these three positions: 96500-95000-94000.
Ethereum: During the day, mainly focus on the upper levels of 3670, 3770, and 3840, with target positions at 3515 and 3475.