ETH June 6 intraday market analysis

From the perspective of the daily line level, the current KDJ dead fork continues to increase in short positions, and a small dead fork structure appears near the central axis of MACD. Going is still strong); the MA5 and MA10 moving averages in the main chart bonded and fluctuated and fell, and the MA30 daily moving average also fluctuated slightly and went short. However, please note that there is a gap between the current currency price and the MA5 daily moving average, so I personally expect that the currency price will rebound to a certain extent today to repair the gap between the currency price and the MA5 daily moving average. The price of the high point repair area depends on MA5 and Just around the MA10 daily moving average. If the short-term rebound does not break through MA5 or MA10, the subsequent currency price will continue to fall.
Looking at the 4-hour level, KDJ showed a desire to rebound at the low point, and MACD also showed a signal of long-term shrinkage in the short-term, but BOLL as a whole is still in the downward pressure and short-selling stage; the three-day moving averages of the MA in the main chart still present a strong short-selling structure , so it can be seen that the current short-term dominance is still surrounded by short positions, but everyone should pay attention to the fact that the current TD indicators of Bitcoin and Ethereum have green TD9, so today’s thinking will first look at the technical rebound for index repair, and the rebound high point will not be able to effectively break through In the case of strong pressure at the high point, the follow-up currency price will continue to fall.
Summary: I personally expect that the currency price will rebound to a certain extent today to repair the gap between the currency price and MA5. The price of high pressure is 1860-1890. Note that the short-term currency price rebound does not break the high pressure area, then follow-up The currency price will continue to fall vigorously, and the reference for lower support is around the 1727-1668 area.
The idea is to come step by step, don't be rational in short-term trading! ! !
The above is a personal daily market analysis, for your reference only.
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