The overall trend of the intraday coin price is sideways oscillation with a slow downward trend. The downward momentum is not too strong, but the bearish technicals are still strong. From the daily chart perspective, the current KDJ and MACD indicators are once again oscillating downward sideways, and BOLL is still weakening overall. Currently, the coin price is closely following the lower track. On the 12-hour chart, the MACD has a bearish crossover at the bottom, and the KDJ is also slowly declining. BOLL is still maintaining a downward oscillation posture. In the main chart, the MA three-day moving averages continue to decline with different amplitudes, so in the short term, we still expect a continued oscillation downward. In terms of trading, the rebound can be treated with a short-selling strategy. Specific points to consider:

BTC: Short at 56600-57000, with a target of 55500

ETH: Short in batches at 2390-2410, with a target of 2340

The above is a personal analysis of the early morning market. First published on "Public Number: Mu Feng Looks at Trends". Welcome to exchange and learn together!

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