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Mufeng's Trend Analysis: Interpretation and Operational Strategies for the Intraday Market Trend on 7/23

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幕枫看趋势
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1 year ago
AI summarizes in 5 seconds.

From a technical perspective, looking at the daily chart of Bitcoin/Ethereum, both the KDJ and MACD indicators are showing signs of weakness. The upper BOLL is currently showing a downward pressure change. Currently, both mainstream cryptocurrencies are experiencing a decrease in trading volume. On the 12-hour chart, the KDJ and MACD indicators are showing a decrease in bullish volume, and the overall sentiment of BOLL is weakening. The MA5 and MA10 moving averages on the main chart are showing a downward trend. Therefore, for short-term trading, we continue to expect a downward trend and recommend a short position on the rebound. Specific reference points are as follows:

Bitcoin: Short at 67500-68000, target 66000

Ethereum: Short near 3500-3530, target 3430

The above is a personal intraday market analysis, first published in "Public Number: Mu Feng Looks at Trends". Welcome to exchange and learn together!

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Selected Articles by 幕枫看趋势

21 days ago
3.17 Bitcoin/Ethereum Evening Market Analysis and Trading Suggestions
22 days ago
Mu Feng looks at the trend: March 16 Bitcoin/Ethereum intraday market analysis with operation suggestions.
25 days ago
Mu Feng Looks at Trends: March 13 Bitcoin/Ethereum Intraday Market Analysis + Trading Suggestions
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