Mufeng Trend Analysis: September 29 Bitcoin/Ethereum Market Analysis with Trading Suggestions

On the weekly chart, the KDJ indicator (KDJ) formed a downward death cross this week, the MACD indicator's DIF curve turned downward, bullish volume continued to shrink, and the BOLL indicator is currently moving upward. However, the price is still experiencing periodic pullbacks within the BOLL indicator. The MA10 daily moving average has weakened, while the MA30 low has continued to strengthen and rise. This week, the price has formed a small gap with the MA5 daily moving average. On the daily chart, the KDJ indicator formed a small golden cross today, the MACD indicator's bearish volume decreased, the DIF indicator turned slightly upward, and the BOLL indicator continued to fluctuate downward, with the lower band continuing to open (selling pressure remains strong). Therefore, a small short-term rebound and adjustment is still possible today. For the future, the daily TD correction will depend on whether it can break through the key short-term resistance level above. If it fails to break through, the next step will be a periodic southward decline and adjustment in line with the overall trend, following the M-shaped pattern. To sum up, for short-term operations in the evening, it is recommended to proceed with the idea of retracement and buying. The specific points can be referred to: BTC: 111500-111000 long, target 113000 ETH: 4100-4070 long, target 4180 The market conditions are changing rapidly, and the article has a certain lag. The specific operations are subject to real-time guidance. If you have any questions, please feel free to consult.