-4.27 Afternoon Analysis (Baking Time)

ETH only briefly broke below the lower band, and then quickly steadied at the support level. The Bollinger Bands have not narrowed, and the trend momentum has not stopped. The area near the lower band is the bulls’ safe zone for picking up on dips.
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- Moving Average System: Although the sharp short-term drop has smashed through MA7 and MA30, this is only a short-term technical breakdown. The overall trend of the moving averages is still pointing upward and has not turned around. As long as the moving averages are quickly recovered afterward, the bullish trend can continue directly.
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- MACD: The current green bars expanding in volume are only the final release of bearish momentum. Once the price stops falling and stabilizes, the DIF line will most likely quickly turn upward, form a golden cross with the DEA line, and kick off rebound repair.
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- KDJ: It has already fallen into a severely oversold range. The K/D/J values are all below 20, which is a typical oversold state after panic-driven selling. A rebound repair is imminent. One person’s personal suggestion: near 2297-2260, quick profit-hunting for a move, with targets near 2350-2400, #ETH #BTC #加密市场反弹