From a technical perspective, the daily price of Bitcoin/Ethereum has rebounded to near the MA5 moving average line. However, the MA three-day moving averages are still arranged in different degrees of decline. Therefore, in the short term, the coin price will only bring a stronger rebound if it effectively breaks through the daily MA5 moving average line. The 12-hour timeframe also faces a similar issue, with the BOLL and MA three-day moving averages overall maintaining a downward trend. This indicates that the trend line has not generated a linkage with the bulls. Therefore, in the early morning short term, we can expect a downward oscillation. Specific points can be referred to as follows:

BTC: Short at 58300-58800, target 57000

ETH: Short in batches at 2470-2500, target 2400

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

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