5.31 Ethereum early morning market analysis and operation ideas
Today, Ethereum experienced a round of short-selling decline at noon, with the lowest point falling to around 3704. Judging from the strength of this round of short-selling decline, the shorts are relatively weak. From the perspective of daily technical indicators, the decline of the three lines of the KDJ technical indicator has weakened. At the same time, the MACD technical indicator continues to weaken, and the DIF and DEA technical indicators also show signs of weakening. However, the BOLL technical indicator has narrowed the entire track, which shows that there will not be a strong short-term decline in the short-term, because the lower track limits the decline of the shorts. It should be noted that after this round of decline sentiment completes the bottoming out, the currency price will definitely go to the 4000 line, so the operation ideas in the early morning and early morning are recommended to focus on retracement and long positions
From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are in a state of short-term shrinkage, and the BOLL technical indicator is running in the middle track area, and it has not linked the short position to increase volume. At present, Ethereum is in the green TD6 rising signal, and the ultra-short-term coin price is also above the MA5 daily average line again, so the operation ideas in the early morning and early morning remain unchanged, and the main focus is still on retracement and long positions.
Ethereum: Long positions near 3780-3745, stop loss: 3700, target: 3950-3980
Bitcoin: Long positions near 68500-67800, stop loss: 67300, target: 69300-70600
