Mufeng's Trend Analysis: 7/24 Market Intraday Trend Interpretation and Trading Strategies

CN
2 months ago

From a technical perspective, looking at the daily chart of Bitcoin/Ethereum, the current KDJ and MACD indicators are showing a continued shrinking volume of the bullish trend. The BOLL technical changes are also not significant, overall not much different from yesterday. In the main chart, the MA5 moving average line is showing a downward pressure, and the coin price is also closing below the MA5 moving average line, forming a bearish TD2 pattern. On the 12-hour chart, the current MACD is showing a bearish crossover at a high level, with the KDJ indicating a continued increase in bearish trading volume. In the BOLL chart, the current coin price is in a struggle to break through the midline. In the short term, we continue to expect a downward adjustment in a range-bound manner. For trading, it is advisable to consider a short position on a rebound. Specific reference points can be found below:

Bitcoin: Short at 67000-67500, target 65500

Ethereum: Short near 3500-3530, target 3420

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

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