Mu Feng's Trend Watch: 2.1 Bitcoin/Ethereum Evening Market Analysis, Steady and Following the Trend, Counter-Trend Only for Light Testing.

This month's monthly chart updates show KDJ and MACD forming death crosses and continuing to decline. The price within the BOLL indicator is basically stabilizing below the midline, with the entire band oscillating downward; on the main chart, the MA5 is sharply declining and suppressing prices, while the 30-day moving average's upward momentum is weakening. It indicates increased selling pressure in the market. However, the monthly price and the 5-day moving average have formed a gap, suggesting that there may still be a technical rebound within the month to adjust market sentiment.

On the daily chart today, KDJ and MACD continue to decline sharply, with the lower band of BOLL opening up like a "waterfall," showing that the bears are very strong; on the main chart, the three short-term MAs still maintain a strong bearish arrangement. However, there is a significant gap between Ethereum and the 5-day moving average in the short term. Considering yesterday's continued sharp decline, there is still a possibility of gap filling today. Still, it is unlikely to fully touch the MA5, so everyone should remain rational when going long. After all, the trend and market sentiment are bearish, so follow the trend steadily. Counter-trend trading should only be done with light positions for testing.

For intraday short-term trading, I believe there will be a slight technical rebound, but the strength is unlikely to be very strong. After the short-term rebound ends and the rebound strength is weaker than the subsequent volume decline, the market may continue to fall. For tonight, let's leave it here for now, and we will revisit after the weekly chart updates.

The above is my personal evening market analysis, for your reference only. #我的周末交易计划