Mu Feng's Trend Watch: 12.16 Evening Bitcoin/Ethereum Market Analysis and Trading Suggestions
The daily KDJ indicator for Bitcoin/Ethereum continues to weaken with a death cross today. The MACD shows a technical crossover near the midline, indicating weakening momentum. The price has broken below the middle Bollinger Band, and the lower band is opening up, suggesting a larger downside space. On the 12-hour chart, the KDJ, MACD, and Bollinger Bands are showing slight resonance in a bearish trend. Overall, the three indicators are oscillating sideways with a downward tendency. On the main chart, under the continuous resistance of the MA5 and MA10 moving averages, a high-short trading approach is recommended. Specific levels can be referenced as follows:
BTC: Short at 87500-88000, target 85500
ETH: Short around 2960-2980, target 2860
The above are personal evening trading suggestions for reference only.
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Mu Feng's Trend Watch: 12.16 Evening Bitcoin/Ethereum Market Analysis and Trading Suggestions
The daily KDJ indicator for Bitcoin/Ethereum continues to weaken with a death cross today. The MACD shows a technical crossover near the midline, indicating weakening momentum. The price has broken below the middle Bollinger Band, and the lower band is opening up, suggesting a larger downside space. On the 12-hour chart, the KDJ, MACD, and Bollinger Bands are showing slight resonance in a bearish trend. Overall, the three indicators are oscillating sideways with a downward tendency. On the main chart, under the continuous resistance of the MA5 and MA10 moving averages, a high-short trading approach is recommended. Specific levels can be referenced as follows:
BTC: Short at 87500-88000, target 85500
ETH: Short around 2960-2980, target 2860
The above are personal evening trading suggestions for reference only.