Mu Feng's Trend Analysis: Bitcoin/Ethereum Market Analysis and Trading Suggestions (11.23 AM)

From a technical perspective, the daily chart for Bitcoin/Ethereum shows that the KDJ, MACD, and Bollinger Bands are still in a bearish confluence phase. The three-day moving averages on the main chart are also consistently arranged in a bearish formation, providing downward pressure. However, with the weekend approaching, market volume is expected to be weak, leading to relatively smaller fluctuations. On the 12-hour chart, the three-day moving averages are currently in a strong downward alignment, and there is no gap between the price and the five-day moving average. Therefore, the short-term trend in the early morning was basically a downward consolidation. Technically, there haven't been any major changes. Yesterday's short-term rebound was a gap and indicator correction. Going forward, the overall trend is expected to be a slight downward movement within a range. The recommended strategy is to follow the trend and sell on rallies. Specific entry points are as follows: BTC: Short at 84800-85500, target 82800, stop-loss at 86000. ETH: Short near 2760-2800, target 2660, stop-loss at 2820. These are my personal trading suggestions from early morning. Market conditions change rapidly, and this article may be outdated. Please refer to real-time guidance in the trading room for specific trading advice. If you have any questions, please feel free to contact me.