Mufeng looks at the trend: 9.24 Bitcoin/Ethereum market analysis with trading suggestions



Bitcoin/Ethereum daily level today's KDJ and MACD are resonating downwards, while the lower Bollinger Band is still opening downwards. In the main chart, the MA three-day moving averages are continuously arranged in a bearish resonance with different amplitudes, indicating that the market's determination to move downwards is still quite strong. The 12-hour level KDJ, MACD, and Bollinger Bands are also in a bearish resonance stage, and the MA three-day moving averages are also arranged downwards with different amplitudes. Although Ether and Bitcoin are currently both stable on the red TD9, it should be noted that the MA5-day moving average shows no signs of 'retreat,' which will affect the lagging of the TD indicator. If a slight rebound occurs, its strength is estimated to be not too large. For intraday short-term trading, I personally still recommend everyone to participate with a high short trading mindset, specific points can refer to:

BTC: Short at 113000-113500, target 111500

ETH: Short around 4200-4230, target 4120

The above is a personal intraday trading suggestion. Market conditions change rapidly, and the article has a certain lag. Specific operations should be based on real-time guidance in live trading.
ETH1.76%
BTC-0.03%
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