Mufeng Trend Analysis: 10.10 Bitcoin/Ethereum Market Analysis with Trading Suggestions

On the daily chart of Bitcoin/Ethereum, the MACD indicator formed a death cross and continued to decline. The MACD indicator's bullish trend continued to shrink, and the DIF and DEA converged and turned downward. The BOLL indicator is currently moving sideways and oscillating downward, with the upper-middle track showing a significant downward inflection. On the 12-hour chart, the KDJ and MACD indicators formed a death cross and moved sharply downward. The lower-middle track of the BOLL indicator continued to move upward. The MA5-day moving average on the main chart continued to turn downward, which also led to the price closing below the MA30-day moving average today, with the MA30-day moving average slightly turning downward. I personally expect that the overall trend today will still be mainly lateral downward fluctuations. In terms of operations, we will continue to short the market. The specific points can be referred to: BTC: short at 121600-122000, target 119600 ETH: short around 4340-4380, target 4200 The market conditions are changing rapidly, and the article has a certain lag. The specific operations shall be based on real-time guidance. If you have any questions, please feel free to consult.