In the early hours of the 30th, we analyzed that the market is leaning towards a volatile downward trend. It is regrettable that the strategy for the "Kong" was not executed, and the low "Duo" strategy for Ethereum was also disappointing.
Currently, on the daily chart, there is a four-day consecutive bearish trend, with the K-line showing a bearish arrangement. The MACD and KDJ indicators are severely oversold. Although the MA5 and 10-day moving averages are pressing down on the price, the continuous rise of the MA30-day moving average also provides short-term bullish confidence. After a four-day decline, the price has temporarily created a 2000-point gap with the MA5-day moving average. It is expected that on the 31st, the price will fluctuate downwards to test the strength of the weekly K MA5-day moving average support before starting a rebound.
On the 4-hour chart, the current K-line shows a red-green arrangement, and the MA5-day moving average's downward pressure is easing. However, the 10-day moving average and the middle track of the BOLL band continue to exert downward pressure, indicating that there is strong selling pressure above in the short term. Combining this with the hourly chart, it can be judged that the current price is leaning towards a slight volatile adjustment, with resistance at the high point around 106500-107700. The support at the low point is around 103700. If the price rebound cannot effectively break through any resistance above, Bitcoin will test the support at the 103700 level again. Therefore, my personal view in the early hours is to maintain a strategy of first low "Duo" and then high "Kong," which seems more prudent.
Trading strategy: "Duo" at 105000, add to positions at 104000, target: 106000-107000. Stop loss at 103500.
High "Kong" reference points are at: 106800-107500, target: 105000-104000.
Ethereum's overall trend is currently in sync with Bitcoin. As the market is about to face Saturday and a holiday, the trading volume is relatively weak, and the market is leaning towards a slight volatile trend. Therefore, my personal view in the early hours is to maintain a strategy of first low "Duo" and then high "Kong," which seems more prudent.
Trading strategy: "Duo" at 2580, add to positions at 2530, target: 2630-2660. Stop loss: 2510.
High "Kong" reference points are at: 2630-2670, target: 2580-2550.
For the short-term trend, this is expected to be sufficient, and I will continue to follow up later.
My personal views are for reference only. There may be delays in article review and push notifications, and the market changes rapidly. Specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!
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