Mufeng's Trend Analysis: Market Analysis on 4/7 with Operation Suggestions Attached

CN
1 year ago

From a technical perspective, the overall trend of Bitcoin/Ethereum prices within the day is still mainly characterized by a range-bound adjustment. Currently, both long and short-term trading volumes are in a shrinking phase, indicating that short-term trading is adjusting within a range-bound structure. On the four-hour time frame, due to the weak trading volume over the weekend, prices are trading within a narrow range and showing a sideways trend. Although there has been some rebound and recovery in the short term, it has not been able to stabilize and continue. There is some pressure in the upper range, and the trading volume is predominantly in the form of bearish entities. Our strategy for the early morning is mainly to short on the rebound, and specific points of reference can be found below:

BTC: Short at 68200-68500, with a target of 67000

ETH: Short near 3350-3370, with a target of 3270

The above suggestions are for reference only, and specific operations should be based on real-time guidance in actual trading. "Public Account: Mu Feng Looks at Trends" welcomes learning and communication together!

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