Mu Feng's Trend Analysis: Interpretation and Operational Ideas of the Market Trend in the Early Morning of June 4

In the evening, the short-term market of Bitcoin surged and fell. Our long-order strategy once again perfectly reached the target of 70,000, with a maximum profit of more than 1,500 points. The overall increase in Ethereum was not too large. The highest price of the currency reached 3,850, and there was also a space of about double. Congratulations again to the coin friends who followed the long-order strategy. Recently, there have been many pullbacks and profit-taking all the way. Everyone has seen it. I believe that the overall gains of the coin friends who followed should be considerable. This wave of surge and fall in the evening was mainly due to the low sentiment of Ethereum bulls, which indirectly affected the trend rhythm of Bitcoin. From the perspective of review, although Bitcoin rose to above 70,000 during the day, it has now fallen to around 68,500. It is still in a shock adjustment stage as a whole. There is not much room for analysis and value in the short-term technical aspect.

From the daily level, the current Bitcoin/Ethereum KDJ and MACD indicators are in a downward phase with a small reduction in volume. The current coin price in BOLL is moving in line with the middle track. From the 12-hour level, KDJ shows an overbought signal at a high level, and MACD is short-term bullish and shrinking. The coin price is continuously weakening in the Bollinger Bands. The main chart MA5 is currently turning down and weakening, while MA10 and MA30 are continuously strengthening. Overall, the short-term decline should only be for washing and harvesting, and it also means that the technical retracement sentiment has not ended. Therefore, in the early morning, our short-term adjustment ideas are to make technical adjustments to the shock decline. The specific points can be referred to:

BTC: 69700-67200 short, target 68000

ETH: 3800-3830 short, target 3720

The above is a personal early morning market analysis, first released on the "Official Account: Mu Feng Trend Watch", welcome to communicate and learn together! #BTC #ETH