Mu Feng looks at the trend: 5.9 Bitcoin/Ethereum market analysis and trading suggestions at dawn.

CN
3 hours ago

The intraday prices of Bitcoin/Ethereum have been breaking through and rising, aligning with the recent low-long strategy layout. In recent days, the overall profits from going long have been quite considerable, with bulls pushing the market up, indicating positive market sentiment. On the daily chart, the current KDJ and MACD are accelerating upwards, while BOLL continues to oscillate upwards. However, the current price has reached near the upper band. On the 12-hour chart, the current KDJ and MACD have turned sharply upwards, and BOLL has opened up, but the price has broken through the upper band. In the main chart, the current MA three-day moving averages are strongly trending upwards, and the 12-hour and daily lines are technically similar. In the short term, there may be slight adjustments in the market, and the pullback after hitting resistance is not expected to be too strong. In terms of operations, it is advisable to treat it with a rebound short strategy, with specific points of reference as follows:

BTC: Short at 102000-102500, target 100000

ETH: Short around 2080-2100, target 2030

The above are personal trading suggestions from early morning. The market is ever-changing, and the article may have some lag. Specific operations should be based on real-time guidance. If you have any questions, feel free to consult.

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