Mu Feng analyzes the trend: On 11.12, short-term oscillations and declines are in line with previous expectations. How should we position during the early morning?

The early morning strategy is basically the same as during the day, with little change in technical aspects. Currently, BOLL continues to oscillate downward overall. On the 12-hour chart, KDJ and MACD are slightly resonating downward in a bearish trend. The three major moving averages on the main chart are sharply declining and suppressing the price. The MA30 is accelerating its downward turn, and the main K line price is being suppressed by the MA5. The 4-hour chart is in the repair stage of the TD indicator, so there may be a slight rebound sentiment in the near future. However, the strength is unlikely to be strong, as the MA30 still acts as resistance. Therefore, a short-term rebound would present an opportunity for our high-altitude trading strategy.

So, the early morning short-term trading approach is still to look for rebounds to short in batches (mainly high-altitude shorts). Specific levels can be referenced as follows:

BTC: Short at 104,000-104,500, target 102,500-102,000

ETH: Short around 3,500-3,530, target 3,430-3,400

These are personal early morning trading suggestions. Market conditions change rapidly, and the article may be somewhat lagging. Please base your actual operations on real-time guidance.