Mufeng Looks at Trends: Interpretation of the Market's Intraday Trends on 12/12 and Operational Ideas
Bitcoin is generally in a stage of fluctuating adjustment today, while Ethereum has seen a rebound. On the daily level, the current KDJ and MACD are still maintaining a fluctuating upward trend, and the current coin price is closely tied to the upper Bollinger Band (indicating that upward space is constrained); the main chart's three-day moving averages are still in a bullish arrangement. Overall, the short-term technicals are still strengthening, although the upward space is not very sufficient. Intraday, there is a high probability of technical adjustments for indicator repairs, which will then provide stronger upward momentum. Therefore, the short-term approach should first look for a technical pullback adjustment, with operations primarily focused on shorting during rebounds. Specific points of reference are as follows:
BTC: Short at 101000-102000, target 99000
ETH: Short around 3930-3970, target 3830
The above is my personal intraday market analysis, originally published in 'Public Account: Mufeng Looks at Trends'. Feel free to exchange and learn together!
Bitcoin is generally in a stage of fluctuating adjustment today, while Ethereum has seen a rebound. On the daily level, the current KDJ and MACD are still maintaining a fluctuating upward trend, and the current coin price is closely tied to the upper Bollinger Band (indicating that upward space is constrained); the main chart's three-day moving averages are still in a bullish arrangement. Overall, the short-term technicals are still strengthening, although the upward space is not very sufficient. Intraday, there is a high probability of technical adjustments for indicator repairs, which will then provide stronger upward momentum. Therefore, the short-term approach should first look for a technical pullback adjustment, with operations primarily focused on shorting during rebounds. Specific points of reference are as follows:
BTC: Short at 101000-102000, target 99000
ETH: Short around 3930-3970, target 3830
The above is my personal intraday market analysis, originally published in 'Public Account: Mufeng Looks at Trends'. Feel free to exchange and learn together!