Mufeng's Trend Analysis: Mainstream coins continue to fluctuate at high levels on 3/29. How do you see the future market?

CN
1 year ago

From a technical perspective, the 12-hour MACD and KDJ indicators for Bitcoin/Ethereum are showing a short-term contraction phase. The BOLL is currently trending stronger at the midline, indicating an overall sideways oscillation with an upward trend. The main chart shows a strong movement for the MA10, while the MA5 and MA30 are in a downward oscillation phase. Overall, there is a conflicting situation in the 12-hour indicators. Looking at the 4-hour chart, the short-term MACD shows a shrinking bullish oscillation, while the KDJ indicates a strengthening oscillation. The short-term coin price is oscillating and sticking to the midline in the MACD. The MA5 and MA10 daily moving averages are in a downward suppression phase, while the low point MA30 shows clear strength. Therefore, as long as the short-term pullback does not effectively break through the 4-hour MA30, the subsequent short-term coin price is likely to continue to rise on volume. Therefore, the short-term suggestion for the future market is to focus on the upward oscillation, and specific entry points can be referred to as follows:

BTC: Long at around 70300-70000, with a target of 71500

ETH: Long at around 3560-3530, with a target of 3630

The above suggestions are for reference only. Please refer to real-time guidance for specific operations. "Public Account: Mu Feng Looks at Trends" welcomes learning and communication together!

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