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 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 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————
The long positions in Bitcoin mentioned earlier have yielded good results, while short positions only made a small profit, with a space of less than $1000. After a slow rise over the weekend, the market saw another surge at the opening today, currently reaching around 63000. Looking at the daily chart, after the pin rebound on Friday, it has continued with 3 consecutive positive candles, currently approaching the upper rail, and at the same time, it has recovered the decline since the drop on July 2. The Bollinger Bands are slightly open, the short-term moving average is turning upwards, the MACD fast and slow lines are crossing upwards, the volume bars continue to increase, and the KDJ is moving upwards, paying attention to the resistance near the 100 value, and the VR index is consolidating near the 70 value. Looking at the 4-hour chart, the market has continued to rise, breaking through the upper rail, with the candlesticks running above it, the Bollinger Bands are in an open state, the short-term moving average is running upwards, the MACD fast and slow lines are extending upwards, the volume bars have increased twice, the KDJ has formed cohesion above the 80 value and then moved upwards again, and the VR index is consolidating near the 150 value. Overall, the technical outlook is biased towards the bulls, but in the short term, attention should be paid to the resistance zone around 63800-64200. Only by breaking through this zone can the bulls continue to test higher, otherwise, there will be a retracement and adjustment of indicators. The important watershed below is around 60800-60600. If it falls below this level again, it will retest the support below 60000. Short-term recommendations.
Short-term recommendation for Bitcoin: Short at 63800, Long at 61605 (activate the strategy for profit and manage it on your own)
Ethereum Technical Analysis————
The long positions in Ethereum mentioned earlier did not catch the retracement, being a bit conservative, while short positions have a space of over $100. Ethereum's rebound is still a bit behind Bitcoin's, based on Bitcoin's candlestick, Ethereum should be above 3450, which is also normal, after all, the last decline in Bitcoin's new low, Ethereum did not break 2800. The technical outlook is still to be referenced in conjunction with Bitcoin. Pay close attention to the resistance zone of 3450-3500 above, the train of thought is consistent with Bitcoin, it can continue if it breaks through, otherwise, there will be a retracement and adjustment. The important dividing line below is around 3100-3050, which is also a watershed for long and short positions. Without further ado, let's look at the short-term recommendations.
Short-term recommendation for Ethereum: Short at 3458, Long at 3266 (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, you can communicate and learn with me! Let's exchange ideas and profit together! Official account: I am Zhou Yueying V Blog: Financial Guru Zhou Yueying
The publication of the article is subject to review delays, and the market is ever-changing. The above suggestions are for reference only, and risks are to be borne by oneself! The market changes constantly 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 currency circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.
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