The market on Friday is mainly showing a consolidation trend. Bitcoin is strongly pushing up to 93000, while Ethereum is trending upwards to 3100, and then begins to face pressure and pull back. Whether it's short-term or swing trading, all the students in the live trading session led by Mo Yu have also achieved success. As we are about to enter the weekend, it is expected that the market will continue to operate around the 90000 and 3000 levels.
From the current market perspective, the short-term Ether price is steadily running along the middle track of the Bollinger Bands, indicating a strong upward trend. The KDJ is currently in the overbought area, with a high J value, indicating a risk of a short-term correction. The OBV indicator has broken through the previous high point, indicating a significant increase in buying power. Multiple moving averages (MA5, MA10, MA20, MA50, and the EMA series) are all in a bullish arrangement, further confirming the strong trend. However, it also shows that the current price may be in an overbought state, suggesting that there could be certain adjustment risks in the short term. In terms of retrospective operations, it is still recommended to approach it with a short-term mindset, first observing the extent of the pullback before entering long positions. Bitcoin: 90500-90800 can go long Target 92500 Ethereum: Buy around 3020, target 3100
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The market on Friday is mainly showing a consolidation trend. Bitcoin is strongly pushing up to 93000, while Ethereum is trending upwards to 3100, and then begins to face pressure and pull back. Whether it's short-term or swing trading, all the students in the live trading session led by Mo Yu have also achieved success. As we are about to enter the weekend, it is expected that the market will continue to operate around the 90000 and 3000 levels.
From the current market perspective, the short-term Ether price is steadily running along the middle track of the Bollinger Bands, indicating a strong upward trend. The KDJ is currently in the overbought area, with a high J value, indicating a risk of a short-term correction.
The OBV indicator has broken through the previous high point, indicating a significant increase in buying power. Multiple moving averages (MA5, MA10, MA20, MA50, and the EMA series) are all in a bullish arrangement, further confirming the strong trend. However, it also shows that the current price may be in an overbought state, suggesting that there could be certain adjustment risks in the short term. In terms of retrospective operations, it is still recommended to approach it with a short-term mindset, first observing the extent of the pullback before entering long positions.
Bitcoin: 90500-90800 can go long Target 92500
Ethereum: Buy around 3020, target 3100