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Mukfeng's Trend Watch: 1.17 Evening Bitcoin/Ethereum Trading Suggestions
From a technical perspective, the daily chart shows that today’s KDJ and MACD are continuing to decline in their upward momentum. The trading volume also decreased throughout the day. On the 12-hour chart, the KDJ and MACD similarly show continued contraction, and the BOLL bands’ upward movement has weakened, but the overall Bollinger bands remain open. On the main chart, the MA5 is trending downward, while the MA10 and MA30 continue to strengthen. The price closed below the MA5, and a red TD1 appeared during the day, indicating a continuation of the pullback, mainly aligning with yesterday’s retracement sentiment. Overall, there is still room for a short-term pullback. Trading-wise, continue to adopt a rebound-then-short approach. Specific levels can be referenced as follows:
Bitcoin: Short at 95500-96000, target 93500
Ethereum: Short around 3310-3330, target 3230
The above are personal evening trading suggestions, for your reference only.