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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, providing insights into the market based on my own technical expertise.
First published 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. The strategies provided by Yueying are precise points, without ambiguous ranges or nearby areas. Friends who like Yueying can follow. Let's see today's sharing!
Yesterday, the short positions for Bitcoin at 69,600 and Ethereum at 3,387 were given. Bitcoin reached a low of 65,820, creating a space of over $3,700, while Ethereum reached a low of around 3,260, creating a space of over $120. The short-term follow-up gains were quite good.
Bitcoin Technical Analysis————
Yesterday, it was mentioned that there was selling pressure on Bitcoin, and it would drop below 70,000. The daily chart shows a candlestick with an upper shadow, and the Bollinger Bands are starting to contract. The current market is testing the short-term moving average. The middle band and the 60-day moving average below can be considered as short-term key support levels. The MACD fast and slow lines are turning downwards, with decreasing volume bars. The KDJ is blocked and turning downwards to form a crossover. The VR index is consolidating near the 100 value. Looking at the 4-hour chart, after touching 70,000, there was a direct decline, breaking through the 60-day moving average. It received support around 65,800 and rebounded slightly. The Bollinger Bands are slightly opening, and the short-term moving average is turning downwards. The short-term resistance is around the 60-day moving average, followed by the middle band. The MACD fast and slow lines are running downwards towards the 0 axis, with increasing volume bars. The KDJ is turning upwards near the 0 value, and the VR index is consolidating near the 80 value. Overall, in the short term, it is still favorable for a rebound, with the key resistance levels around 68,000-68,500. If it cannot break through, it will continue to move downwards. In the long term, if the market cannot firmly stand above 70,000, it will be difficult for the bulls to continue. This is a short-term recommendation.
Short-term recommendation for Bitcoin: Short at 67,880 (activate the strategy for profit and manage it on your own)
Ethereum Technical Analysis————
For Ethereum, still focus on the resistance around 3,380. It was mentioned before that this is the bottom-to-top conversion of the box. Given that Bitcoin has touched 70,000 and broken the previous high of this month, while Ethereum's rebound is weak, although the recent rebound trend is not strong, there is also a possibility of a fill-up. Therefore, the short-term recommendations are the same as yesterday.
Short-term recommendation for Ethereum: Short at 3,377 (Short at 3,515) (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 has a delay in review, and the market changes in an instant. The above suggestions are for reference only, and the risk is yours to bear! The market changes drastically 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. 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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