Mu Feng Trading Analysis: 1.6 Evening Bitcoin/Ethereum Trading Suggestions
Today, KDJ, MACD, and BOLL continue to maintain bullish convergence. Overall, the daily chart is moving very strongly. On the 12-hour timeframe, KDJ and MACD continue to rise, though the upward momentum of the indicators is showing signs of fatigue. BOLL has opened up overall, indicating the market is expanding. Technical retracement is necessary—even if prices continue higher, a short-term technical correction is needed, which is a form of consolidation. At this current position, continuing to chase longs and go long would mean risk outweighs reward. For short-term trading, it's suggested to treat it with a retracement short selling approach. Specific levels to reference:
Bitcoin: Short at 94000-94500, Target 92000
Ethereum: Short around 3250-3280, Target 3150
The above are my personal evening trading suggestions for your reference only. #比特币六连涨
Mu Feng Trading Analysis: 1.6 Evening Bitcoin/Ethereum Trading Suggestions
Today, KDJ, MACD, and BOLL continue to maintain bullish convergence. Overall, the daily chart is moving very strongly. On the 12-hour timeframe, KDJ and MACD continue to rise, though the upward momentum of the indicators is showing signs of fatigue. BOLL has opened up overall, indicating the market is expanding. Technical retracement is necessary—even if prices continue higher, a short-term technical correction is needed, which is a form of consolidation. At this current position, continuing to chase longs and go long would mean risk outweighs reward. For short-term trading, it's suggested to treat it with a retracement short selling approach. Specific levels to reference:
Bitcoin: Short at 94000-94500, Target 92000
Ethereum: Short around 3250-3280, Target 3150
The above are my personal evening trading suggestions for your reference only. #比特币六连涨