Mu Feng looks at the trend: Analysis of Bitcoin/Ethereum market on October 10 with operational suggestions.

CN
幕枫看趋势
5 hours ago

From the daily perspective of Bitcoin/Ethereum, today's MACD indicator shows a death cross continuing to decline, with the bullish MACD indicator continuously shrinking. The DIF and DEA are converging and turning downwards. In terms of BOLL, it is currently moving sideways with a downward trend, and there is a noticeable downward change in the middle and upper bands.

From the 12-hour perspective, the KDJ and MACD are significantly moving downwards after a death cross, while the middle and lower bands of BOLL are still moving upwards. On the main chart, the MA5 daily moving average continues to decline and exert pressure, which has led to today's price closing below the MA30 daily moving average, with the MA30 daily moving average slightly weakening its pressure.

I personally expect that today's overall trend will mainly be sideways with a downward movement. In terms of operations, continue to short in line with the trend. Specific points of reference are as follows:

BTC: Short at 121600-122000, target 119600

ETH: Short around 4340-4380, target 4200

The market is changing rapidly, and this article has a certain lag. Specific operations should be based on real-time guidance. If you have any questions, feel free to consult.

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