In the early morning, the market continued to fluctuate sideways at a high level. The 12-hour level line showed that MA5 and MA30 formed a striking triangle range oscillation box. At the same time, the TD9 indicators of Bitcoin and Ethereum also appeared. However, whether the TD9 indicator can successfully reverse still depends on the daily update and closing at 8 o'clock in the morning.
On the 12-hour chart, KDJ and MACD indicators continue to fluctuate upward, but the current upper track of BOLL is weakening (indicating that the pressure of the high point is increasing). The MA5 and MA10 daily moving averages in the main chart continue to fluctuate upward, but the decline of the MA30 daily moving average has intensified. At the same time, although the MA5 daily moving average is on an upward trend, the increase is shrinking, which may imply a possible retracement adjustment sentiment after the TD9 indicator stabilizes.
In summary, for the early morning market, short-term suggestions are temporarily to adopt a high-altitude approach. The specific points can be referred to:
BTC: 67000-67500 short, target 65000
ETH: Short around 3250-3280, target 3160
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