Mu Feng looks at the trend: Interpretation of the intraday performance of the market on 12/12 and operational ideas.

CN
1 year ago

Bitcoin is currently in a phase of overall fluctuation and adjustment during the day, while Ethereum has seen a rebound. From a daily perspective, the current KDJ and MACD indicators are still maintaining a trend of fluctuating upward movement. The current price is closely touching the upper Bollinger Band (indicating that the upward space is constrained). The main chart's three-day moving averages are still in a bullish arrangement. Overall, the short-term technical outlook remains strong, but the potential for significant gains is somewhat limited. It is likely that there will be technical adjustments during the day to repair the indicators, which will provide stronger upward momentum later. Therefore, the short-term strategy is to look for technical pullbacks and adjustments, primarily focusing on shorting during rebounds. Specific points of reference are as follows:

BTC: Short at 101000-102000, target 99000

ETH: Short around 3930-3970, target 3830

The above is my personal analysis of the daily market. First published on "Public Account: Mu Feng Looks at Trends." Feel free to exchange and learn together!

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