Mu Feng's Trend Analysis: Bitcoin/Ethereum Market Analysis and Trading Suggestions for September 30th

From a technical perspective, Bitcoin/Ethereum's intraday trend remains below resistance, continuing its decline. While the KDJ indicator on the daily chart is trending upward, the magnitude of the increase is weakening. While the MACD indicator is showing overall bearish momentum, the DIF and DEA indicators continue to weaken. The lower band of the BOLL indicator continues to open, with the entire band fluctuating downward. On the 12-hour chart, the KDJ indicator experienced short-term setbacks today, while the MACD formed a slight upward golden cross. The BOLL indicator is generally fluctuating downward. Although the price has broken through the middle band, strong selling pressure from the BOLL indicator remains, indicating a generally volatile downward trend. Initially, consider shorting on rallies. Specific trading points include: BTC: short between 113,500 and 114,000, with a target of 112,000. ETH: short around 4170 and 4200, with a target of 4100. Market conditions are volatile, and this article may be outdated. Specific trading strategies should be based on real-time market guidance. If you have any questions, please feel free to contact us.