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 currencies, 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 abilities, follow the official account at the end of the article to find Yueying. There are daily price strategy suggestions at irregular times in the Moments. Let's take a look at today's sharing!!
Bitcoin Technical Analysis————
On the daily chart, Bitcoin closed with a solid bullish candle on Sunday, after a slight retracement following the virtual breakthrough of 37500. The Bollinger Bands continue to remain flat, with the candle running above the midline and the 7-day moving average. The MACD fast and slow lines continue to maintain a high-level downward crossover with decreasing volume, while the KDJ is running upwards, paying attention to the resistance near the 80 value. The VR index is consolidating near the 160 value. On the 4-hour chart, the candle broke through the upper band and then retraced to run below the upper band. The Bollinger Bands began to open up, with the moving averages running upwards. The MACD fast and slow lines formed a crossover below the 0 axis and are running upwards, with the volume switching between increasing and decreasing. The J line of the KDJ is being resisted near the 90 value and shows signs of a crossover. The VR index is consolidating near the 100 value. Overall, in the short term, the market has formed an upward structure with continuously rising lows. Although there has been no breakthrough of the previous high, it is necessary to focus on the resistance around 38000. Once the breakthrough is stabilized, the bulls will continue to break new highs. Otherwise, it will continue to oscillate and retrace to the support level. The lower trend line of the short-term uptrend channel is supported around 36700, which is also near the weekend's top price, with the second support around 36300. Therefore, it is mainly to buy on retracements to the support level in the short term, keep an eye on the resistance near the previous high, and exit if it is not broken. If the position is broken, take profits and reduce holdings, and do not engage in prolonged battles. Let's take a look at today's short-term recommendations.
Bitcoin Short-term Strategy Recommendation: Long at 36800. (Activate the strategy for profit and manage it on your own)
Ethereum Technical Analysis————
Ethereum's daily chart also shows a relatively bullish structure, receiving support and rebounding after retracing to the midline, still within the rising Bollinger channel structure. The 4-hour structure is the key focus, as the market has formed a U-shaped bottom since the decline on the 16th. Therefore, the key point is the resistance at the top of the U-shaped structure, around 2070. The overall structure on the 4-hour chart shows a downward movement from the high point, which also needs attention. As long as the top of the U-shaped structure is broken through, the bulls can challenge the previous high. The short-term support is around 1990, with the second support around 1960. Short-term operations are synchronized with Bitcoin, focusing on buying on retracements. Internal long positions have already entered. Let's look at the short-term recommendation.
Ethereum Short-term Strategy Recommendation: Long at 1997. (Activate the strategy for profit and manage it on your own)
——I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about operations or trends, feel free to communicate and learn with me! Let's exchange ideas and profit together! Official account: I am Zhou Yueying V Blog: Financial Guru Zhou Yueying
Article publication is subject to review delays, and market conditions change rapidly. The above recommendations are for reference only, and risks are self-assumed! The market changes constantly every day, and all I can do is provide some weak assistance based on my many 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 currency circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.
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