Yueying: The high-level consolidation of Bitcoin is about to break through, and the effective support of the moving average suggests a continued focus on rebound.

CN
2 months 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 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————

On the daily chart, Bitcoin continues to maintain high-level volatility, with limited retracement, finding support around 62500. After the previous candle closed bearish, the opening price did not continue the decline, but instead rebounded slightly after a small dip. The Bollinger Bands slightly contracted, and the short-term moving average continued to move upwards. The MACD fast and slow lines are running upwards above the 0 axis with slight signs of turning. The volume bars continue to shrink, and the KDJ is adjusting above the 80 value, forming a downward cross. The VR index is consolidating near the 140 value. On the 4-hour chart, after being resisted near the upper band, the price fell continuously to find support near the lower band and rebounded. The fluctuation range is not large, and it has not broken the structure of the high-level small box. The Bollinger Bands continue to maintain a narrow range, and the short-term moving average runs around the middle band. The MACD fast and slow lines overall continue to extend downwards with slight signs of turning. The volume bars shrink, the KDJ turns upwards to form a cross, and the VR index consolidates near the 80 value. Overall, the market changes are not significant, still in a small range of oscillation and adjustment. However, the signal for a turnaround is getting closer, so regardless of long or short positions, caution is needed. The resistance above is still around the previous high, and the short-term support below first focuses on the lower edge of the small box around 62500, followed by the 61600-61000 range mentioned in previous articles. The longer the narrow range box lasts, the closer the turning point will be, so risk control should be done carefully in the short term. Today's short-term strategy is more aggressive, pay attention to position control. Short-term recommendation.

Bitcoin Short-term Recommendation: Long at 62800 (activate the strategy for profit and manage it on your own)

Ethereum Technical Analysis————

Regarding Ethereum, the long position at 2558 mentioned earlier, the price rebounded around 2552, and is currently making some gains. The support below still focuses on the 2580-2530 range mentioned earlier, and the resistance above focuses on whether it can break through and stabilize around the previous high. If it can break through and stabilize, it can continue. If the support below is broken, new support around 2480-2450 needs to be sought. For short-term aggressiveness, consider going long again at the first support, and pay attention to risk control. Short-term recommendation.

Ethereum Short-term Recommendation: Long at 2580 (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

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 every day, and all I can do is to provide some weak assistance based on my many years of practical experience, so that everyone's investment decisions and management can be on the right track. 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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