Li Shengting: 12.19 Ethereum Evening Market Analysis and Trading Ideas
This morning, Ethereum broke upwards to around 3910, followed by a negative impact on Bitcoin from Powell's speech, which caused Bitcoin to crash nearly 4000 points. From the current perspective, the drop this morning just touched the support area around 3613-3530. From the daily TD technical indicators, the intensity of this round of decline has not fully repaired the red TD1, which also indicates that this round of decline has not completely ended. According to the daily technical indicators, both the KDJ and MACD indicators are in a dead cross resonance downtrend, while the BOLL indicator is currently operating in the lower track area. At the same time, the MA5 and MA10 moving averages are continuously pressing down, but the MA30 moving average has not yet linked to the bears for volume increase. However, the price is still showing a slight technical gap with the MA5 moving average, so from the intraday price trend, it is highly likely to make a small rebound before continuing to fall.
From the 4-hour technical indicators, the KDJ and MACD indicators are in a dead cross volume expansion phase, while the BOLL indicator continues to weaken, and the entire track is opening downwards. The ultra-short-term MA5 and MA10 moving averages continue to oscillate downwards, while the upward momentum of the MA30 moving average is continuously weakening. At the same time, the 4-hour TD indicator shows that Ethereum and Bitcoin are both stabilizing at TD9, which indicates that a technical adjustment is needed in the short term. This aligns perfectly with the gap repair in the daily and 4-hour charts, so in the ultra-short term, I personally believe the market will experience a small rebound (this rebound is the TD of the 4-hour chart and the gap repair of the daily chart).
Ethereum: Short position near 3700-3720 Stop loss: 3767 Target: 3640-3560
The above is my personal evening market analysis, for reference only.
