Mu Feng Analyzes Trends: 2.2 Bitcoin/Ethereum Evening Market Analysis and Trading Recommendations



Daily Chart Level: KDJ bearish divergence with decreasing volume, BOLL lower band opening wide and breaking down, MACD remains strongly bearish, trading volume increasing (expect a rebound in the evening); MA moving averages show a death cross indicating a bearish trend, but the gap between the price and the 5-day MA widens, completing support level testing. Short-term technical rebound is highly probable, with resistance at the daily MA5.

12-Hour Chart Level: KDJ and MACD form a death cross and continue downward, BOLL lower band opening wide, MA moving averages aligned bearish; TD indicator enters red TD8, indicating a continuation of the daily technical rebound.

Trading Recommendations: Focus on buying during pullbacks

• BTC: 76,500-77,000 buy, target 79,000

• ETH: 2,240-2,260 buy, target 2,340

Note: Markets change rapidly, and there may be delays in the article. Please follow real-time guidance for specific operations.
BTC1,82%
ETH1,09%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)