Ethereum was in a low-long layout near 3400 yesterday, and continued to break upward to above 3700, with a space of more than 300 points; Bitcoin was in a sideways state after failing to hit 72800 last night. After a strong rebound, Ethereum began to fall back this morning;#大盘走势 #新币挖矿 #非农数据 $ETH $BTC $BNB
The daily K-line shows that the price has experienced a significant rise and then retreated, but the overall price remains at a high level. The long positive line on April 8th indicates that buyers control the market, and the subsequent small entities and shadow lines indicate hesitation in the market. In recent hours, price movements have been relatively small, with mostly short real bodies, indicating a lack of clear direction in the current market. In the MACD indicator, DIF and DEA are both in the positive area, but the MACD histogram has turned from positive to negative, suggesting that possible downward momentum has increased. The J value of the KDJ indicator is below 100, indicating that there may be oversold conditions in the short term and you need to be alert to the risk of a correction. EMA7 is always above EMA15, indicating that the short-term trend is still upward, but the gap between the two is gradually narrowing, so attention should be paid to trend changes. On April 8, trading volume increased significantly, accompanied by a sharp rise in prices, indicating that buyers were actively participating in the market. Volume subsequently decreased, reflecting reduced market activity, which may have resulted in reduced price volatility;
The 4-hour K-line shows that price volatility has intensified, especially between 21:00 on April 8 and 02:00 on April 9, when there were large price gaps and increased body length, indicating that market sentiment is intense. From 20:00 on April 8 to 02:00 on April 9, the price continued to rise and the closing price was close to the highest price, forming a series of long positive lines, suggesting that buyers control the market. In the MACD indicator, both DIF and DEA are positive, and DIF is above DEA. The MACD histogram is also expanding, indicating that the current bullish trend is strong.
The J value in the KDJ indicator exceeds 100 (especially from 19:00 on April 8 to 20:00 on April 8), which may indicate an overbought situation, and you need to be alert to the risk of a correction. But overall, the K and D lines are still at high levels, supporting the current upward trend. In the EMA indicator, EMA(7) is always above EMA(15), and the gap between the two is gradually widening. EMA30 and EMA60 cross upward and approach EMA120, indicating that the upward momentum is strong in the short term. During periods of rapid price rise, such as at 16:00 on April 8, trading volume is significantly enlarged, which is usually regarded as a confirmation signal of an upward trend. Although it subsequently fell back, trading volume remained at a relatively high level, matching the price trend, showing that bulls are still active.
Based on the above indicators, the overall price of the currency is still in a bullish trend. It is recommended to short as a supplement, and mainly go long on pullbacks. You can consider shorting above 3700 to 3655, and enter the long position below in the 3650-3600 range; the target is to break through 3750 first, and then to around 3800; there is a delay in article review, and the market is changing rapidly. Please bring take-profit and stop-loss when entering the market, and quit when you are ahead!
I, Li Hui, interpret the world economic news and analyze the major trends in the global currency circle. During my further studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL and other currencies. For those who do not know how to operate, please follow the official account: Zhang Lihui
