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BTC analysis maintains yesterday's view, considering the uncertain risk of the election, the long order plan needs to reserve space for longs, the support level can refer to 66000-64000, and this range can be used for phased long order layout. Further updates will be provided if there are any changes.
ETH
1. Last week, the weekly line was under pressure near 2720, maintaining a range of 2100-2800 for nearly 3 months.
2. The daily candlestick basically runs around the upper and lower tracks of the BOLL band. As of the closing yesterday, it presented a 5-day consecutive decline and slightly broke the recent rising trend line. Intraday, attention is needed to the recovery of the trend line.
Due to the overall weakness of ETH's trend, it usually accompanies unexpected plummet. With the approaching election, it is particularly important to pay attention to the possibility of price drops caused by Unfavourable Information and not exclude the possibility of retesting the previous low. Be aware of the risks.
3, 4H trends are relatively favorable to long positions in the short term - the ABCD proportional shape has been completed, and the Fibonacci time zone lines indicate the opening of a new Rebound window
Indicator situation:
RSI touched the Oversold zone. Considering the significant downside potential in the short term and referring to historical trends, there is a certain technical Rebound demand for RSIOversold.
KD indicator shows a bullish divergence signal
MACD has a bullish divergence signal, the volume of short positions is decreasing and about to cross the golden fork, due to being below the zero axis, only treat short-term as a Rebound
In conclusion: excluding the impact of macro events, the technical aspect is not excessively bearish. The divergence of the technical aspect provides a reference for placing long positions in the short term.
Trading Strategy:
long order: Long in batches near 2380-2400, average price 2390, stop loss 2360, take profit near 2440-2480 (short-term within the day)
Reason: Based on the 5-minute short-term rise trend, participate in the long position layout, with a stop loss at 2360 as yesterday's low point. If it falls below this level, it will not rule out another pullback. A 30-point stop loss seeks a 50-90 point space, which meets the risk-reward ratio.
Note: As the election approaches, the possibility of extreme market movements cannot be ruled out. Both long and short positions need to strictly control Position and risk.
The above views are for reference only. Trading at your own risk based on this, pay attention to Position and risk control #BTC