Yueying: Bitcoin's perfect landing after the short at 68,000, continues to look bearish. Ethereum breaks the previous high and looks for a pullback.

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.

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The more diligent and hardworking you are, the more disciplined you are, the more outstanding you will be. 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 irregular real-time price strategy suggestions in the Moments every day. Yueying's strategies are precise, without ambiguous ranges or nearby areas. Friends who like Yueying can follow. Let's see today's sharing!

Yesterday, the short position of 68,000 given by Bitcoin was perfectly executed, yielding a profit of around $1,700.

Bitcoin Technical Analysis————

On the daily chart, Bitcoin's previous K-line closed with a bearish tone, and the opening price fell to test the support around 66,000. The Bollinger Bands continue to maintain an open state, with short-term moving averages trending upwards. The MACD fast line has broken through the 0 axis and is showing signs of a turnaround. The volume continues to shrink, and the KDJ forms a cohesive cross with downward signs. The VR index is consolidating near the 100 value. On the 4-hour chart, the early morning candlestick is a solid bullish candle, touching around 68,000 and then closing lower, indicating a false bullish trend. The short position of 68,000 given yesterday was also perfectly executed. The candlestick has fallen below the midline and short-term moving averages, currently testing the support of the lower band. The Bollinger Bands are contracting and moving flat, the MACD fast and slow lines continue to trend downwards, the volume is increasing, and the KDJ is once again trending downwards, paying attention to the support near the 0 value. The VR index is consolidating near the 180 value. Overall, the short-term rebound remains the main focus, consistent with yesterday's strategy. It is recommended to maintain a bearish stance, with 68,000 as the boundary. If it does not break, consider entering a short position again. If it breaks and can surpass the previous high, consider entering a short position at 69,500. This is a short-term recommendation.

Bitcoin Short-term Recommendation: Short at 67,500 (Short at 69,500 if it breaks the previous high) (Activate the strategy for profit and manage it on your own)

Yue Tai Technical Analysis————

Yue Tai overestimated the rebound strength yesterday, and the price did not stabilize around 3,500 after the article was updated. The strategy remains consistent with yesterday, focusing on the support near the lower edge of the box. Not much to say about the technical aspects, refer to Bitcoin, and continue to use the short-term strategy from yesterday. There may be a pinning trend tonight, so be prepared for risk control. This is a short-term recommendation.

Yue Tai Short-term Recommendation: Short at 3,580 (Short at 3,650 if it breaks 3,600) (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 market conditions change rapidly. The above suggestions are for reference only, and risks are self-assumed! The market changes constantly every day, and all I can do is to provide some weak assistance based on my years of practical experience, guiding everyone's investment decisions and management in the right direction. 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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