Mu Feng looks at the trend: Interpretation of the market trend in the early morning of 12/5 and operational ideas.

CN
1 year ago

From the daily perspective, the KDJ shows a technical change turning upwards at a high position, while the MACD continues to oscillate slightly with increased volume at a high level. In terms of BOLL, the overall trend continues to strengthen, especially with a noticeable opening width at the upper band, and there is still some room for price increase from the current coin price. Therefore, there is basically no significant pressure or obstacles for a strong performance during the day. The 12-hour chart currently shows a rhythmic change with the KDJ crossing upwards in the middle, and BOLL continues to strengthen overall, with an increase in the middle band. The main chart shows that the coin price has once again broken through the MA5 and MA10, with both MA5 and MA10 turning upwards. The sentiment for the low point MA30 is very high and strong. Thus, the short-term trading strategy for the day is to continue to buy on dips, with specific points of reference as follows:

BTC: Buy between 95000-94000, target 97000

ETH: Buy in batches between 3800-3750, target 3900

The above is my personal market analysis from early morning, first published on "Public Account: Mu Feng Looks at Trends". Welcome to exchange and learn together!

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