After experiencing a sharp decline early yesterday, a strong rebound occurred at midnight Beijing time today, with prices continuing to push higher to the recent fluctuation range high point. The rhythm of the decline has now been broken. However, this does not mean that the rise has begun.
From a technical perspective, the current price has been falling along the direction of the moving average, but after a strong rebound occurred at midnight, it began to consolidate sideways, with no clear direction at present. MACD and KDJ continued the rebound from midnight but showed slight weakening afterward.
Closely monitor the breakout of the range 87000-91000
Affected by BTC, ETH also experienced a strong rebound last night, but then showed weakness without sustained upward movement, however, it has turned into a testing trend.
From a technical perspective, the current moving average trend is chaotic, and MACD and KDJ are showing a pullback after the rebound.
Closely monitor the breakout of the range 2850-3100
Trading strategy:
BTC fluctuation trading: Trade at the top and bottom of the range.
Go long at 87000, stop loss at 86000, take profit at 90000.
Go short at 91000, stop loss at 92000, take profit at 88000
BTC breakout trading, that is, break through the top and bottom of the range and trade in the direction of the trend.
Break above 91000 to go long, stop loss at 90000, at least take profit above 93000.
Break below 87000 to go short, stop loss at 88000, at least take profit below 85000
ETH fluctuation trading:
Go long at 2850, stop loss at 2650, profit at 3050-3100
Go short at 3100, stop loss at 3300, profit at 2900-2850
Breakout trading:
Break above 3100 to go long, stop loss at 2850, profit at 3200-3400
Break below 2850 to go short, stop loss at 3100, profit at 2700-2600