The feature of the currency circle is unknown. When choosing a product, you need to think more. Investors need to sum up experience in risks and benefits, formulate strategies, and set goals and expectations reasonably.

market analysis

market analysis

Judging from the hourly chart, the currency price fell from the Bollinger middle and lower track area to the lower track support, and the lowest reached the 224.2 line. The Bollinger track expanded with the downward opening of the currency price, and the currency price rebounded after reaching the bottom and gaining support , currently fluctuating around the 225 line below the lower Bollinger rail, below each moving average, the MA5 and MA10 moving averages turn downwards, forming a short-term first-line suppression above the currency price, and the MA20.MA30 moving average is glued around the 226 line. The second suppression is formed above the price. In the attached indicators, the MACD fast and slow lines are parallel to the opening below the zero axis. The energy of the bulls has increased. In a state of shock adjustment, the intraday operation in July (VX: lht159258357) suggests that high altitudes and low prices should be the main focus.

Ethereum (ETH) operating strategy: The current trend of Ethereum is biased towards shock operation. At the bottom, you can pay attention to the support near 223-220, and at the top, you can focus on the suppression at 228-230. When the price is around 228, you can consider entering the market with an empty order, with a stop loss above 230, and the target is around 223. When the price touches around 223, enter long orders, stop loss at 220, and target at 228. The strategy is for reference only, and the market is changing rapidly, so do a good job of risk control when entering the market.