Mu Feng looks at the trend: Interpretation of the evening market trend on 2/7 and operational ideas.

CN
1 year ago

Bitcoin/Ethereum evening non-farm data is favorable, leading to a slight rebound. Currently, the KDJ and MACD short-term bearish signals are showing a decrease in volume, but the BOLL indicator is still trending downwards. The current lower BOLL band continues to open, which is basically similar to the daily chart situation. The main chart's MA10 and MA10 daily moving averages are continuously pressing down, and the current coin price is also below the five-day moving average, forming a red TD2. Therefore, overall, the market is expected to primarily experience sideways fluctuations and downward trends. The recommendation for operations in the early morning is to short on rallies; specific points of reference are as follows:

BTC: Short at 99800-100300, target 96800

ETH: Short around 2790-2810, target 2690

The above is my personal evening market analysis for reference only. For more real-time strategies and free guidance, click on the profile picture to follow the homepage introduction. Welcome to exchange and learn together!

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