Mufeng's Trend Analysis: Interpretation and Operation Strategy for the Overnight Market Trend on 7/2

CN
1 year ago

Bitcoin/Ethereum daily KDJ and MACD indicators show upward technical signals, and the overall downward trend of BOLL also appears to be weakening, as the opening amplitude of the lower track is not significant. This has led to a rebounding sentiment after touching the bottom support. Currently, the coin price is in a fierce battle to break through the mid-track. Looking at the 12-hour level, the current KDJ and MACD indicators are resonating in a bullish manner, and there is also a technical change in breaking through the mid-track in BOLL. With the push of the MA5 and MA10 moving averages in the main chart, the current coin price is also standing above the MA30 moving average. Therefore, it is suggested to focus on the retracement for short-term operations in the early morning market, and specific reference points can be found in the following:

BTC: Long at 63000-62500, target 64000

ETH: Long near 3460-3430, target 3520

The above is a personal early morning market analysis, first released on "Public Account: Mu Feng Looks at Trends". Welcome to exchange and learn together!

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