Yueying: Is the short-term bottoming of Bitcoin Auntie a false impression? Continue to buy on the pullback.

CN
2 months ago

In a person's self-discipline lies infinite possibilities; the degree 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, the more effort; the more self-disciplined, the more excellent. I am Zhou Yueying, focusing on the trend analysis of mainstream coins, providing insights based on my own technical analysis of the market.

First published on the public account. Friends who want to verify their strength can follow the public account at the end of the article to find Yueying. There are daily price strategy suggestions in the friend circle at irregular times. Here, Yueying's strategies only have precise points, without ambiguous ranges or nearby values. Friends who like Yueying can click to follow. Let's see today's sharing!

Bitcoin Technical Analysis ————

Looking at Bitcoin's daily chart, the previous candles have continuously closed as dojis, without breaking the 60-day moving average. The market opened with a rebound during the day, and the Bollinger Bands are starting to flatten, with the middle band and short-term moving averages forming short-term resistance. The MACD fast and slow lines are crossing downwards, showing signs of a turn, with the volume bars decreasing. The KDJ is at the bottom and starting to turn upwards, while the VR indicator is consolidating around the 160 value. On the 4-hour chart, the market has briefly broken above 60,000 several times before quickly retracting. Currently, it has broken through the middle band and is testing the EMA200 area, with the Bollinger Bands in a contracted state and the short-term moving averages turning upwards. The MACD fast and slow lines are crossing upwards at a low position, with increasing volume bars. The KDJ is extending upwards, paying attention to the resistance near the 100 value, while the VR indicator is consolidating around the 40 value. Overall, the market shows signs of a short-term bottoming, but we need to see if it can stabilize around the 4-hour middle band and EMA200 area. If it stabilizes, the rebound can continue. Since the technical feedback shows that the support around 60,000 is effective, we will participate based on this boundary in the short term, while also paying attention to the resistance situation above. Looking at short-term suggestions.

Bitcoin Short-term Suggestion: Long at 60,700 (Activate strategy and take profits as you see fit)

Ethereum Technical Analysis ————

Regarding Ethereum, the previous long position at 2,348 has only yielded small profits; those who followed can take profits or reduce positions to break even, and I won't follow up in the article. It was mentioned earlier that the short-term support is around 2,300, and the market is currently within expectations. If this level breaks, the key short-term support below is around 2,250. Similarly to Bitcoin, we will still use 2,300 as the boundary for the short term. Looking at short-term suggestions.

Ethereum Short-term Suggestion: Long at 2,335 (Activate strategy and take profits as you see fit)

—— I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn with me! Let's share and profit together! Public account: I am Zhou Yueying

There may be delays in article publication review, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by the individual! The market changes every day, and what I can do is use my years of practical experience to provide some slight assistance, guiding your investment decisions and management on the right path. Meeting is fate; I am a person who believes in fate. If you have any doubts in the crypto world, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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