Yueying: Where is the shorting opportunity below 70,000 for Bitcoin? Yitai may see another drop below 3,600.

CN
1 year ago

In a person's self-discipline, there is infinite potential. The level of your self-discipline determines the height of your life.

There are no shortcuts in life, but every step you take counts.

The more diligent and hardworking you are, the more disciplined and outstanding you become. I am Zhou Yueying, focusing on the trend analysis of mainstream coins, and providing insights into the market based on my own technical expertise.

First release on the official account. For friends who want to verify my strength, follow the official account at the end of the article to find Yueying. There are daily real-time price strategy suggestions in the Moments. Yueying's strategies are precise, without ambiguous ranges or nearby areas. Friends who like Yueying can follow. Let's see today's sharing!

Bitcoin Technical Analysis————

Looking at the daily chart of Bitcoin, after the continuous rise over the weekend, it broke through the new high and reached a resistance around 68400 before retreating. It opened lower during the day, and the Bollinger Bands continued to maintain a slightly open state. The short-term moving average is upward, but it is far from the candlestick, indicating a need for correction. The MACD fast line crossed the zero axis with signs of a turnaround, and the volume bar decreased again. The KDJ was once again resisted near the 100 value and turned around, while the VR index consolidated near the 100 value. Looking at the 4-hour chart, after the early morning rebound, it experienced two consecutive declines, breaking through the short-term moving average. The Bollinger Bands began to contract, the MACD fast and slow lines crossed downward again, and the volume bar turned green with increased volume. The KDJ was resisted near the 80 value and formed a crossover downward, while the VR index consolidated near the 190 value. Overall, although the market is in an upward channel, there is a short-term need for a retracement to retest support. Pay attention to the area around 66000-65800 below. If this support area is broken, the bearish trend will continue; otherwise, there will be a rebound. Above, refer to the previous high resistance before intervening. If the previous high is broken, pay attention to the area around 69500. Short-term recommendations.

Short-term recommendation for Bitcoin: Short at 68000 (Short at 69500 if the previous high is broken) (Activate the strategy for profit and manage it on your own)

Ethereum Technical Analysis————

The technical aspect of Ethereum can be referenced synchronously with Bitcoin. Pay attention to the support around 3400-3380 at the lower edge of the box. If the entity falls below, it will continue to move downward. In the short term, refer to the resistance around 3600, and if it breaks through, pay attention to the area around 3660. Short-term recommendations.

Short-term recommendation for Ethereum: Short at 3580 (Short at 3650 if it breaks 3600) (Activate the strategy for profit and manage it on your own)

——I am Zhou Yueying, a teacher dedicated to technical analysis. If you have any questions about operations or trends, you can communicate and learn with me! Let's exchange ideas and profit together! Official account: I am Zhou Yueying V Blog: Financial Expert Zhou Yueying

Article publication is subject to review delays, and the market is constantly changing. The above suggestions are for reference only, and risks are self-assumed! The market changes every day, and all I can do is to provide some weak assistance based on my years of practical experience, so that everyone's investment decisions and management can be on the right track. Meeting is fate, and I am a person who believes in fate. If you have any doubts or questions in the coin circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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