Yueying: Can the W-shaped pattern of Bitcoin continue smoothly? Is Yita returning to the previous range? How to respond in the short term?

CN
3 days 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 Moments at irregular times. Here, Yueying's strategies only have precise points, with no 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, there is a strong upward movement, breaking through the short-term moving average and testing the mid-band. The Bollinger Bands are in a flat state, and the MACD fast and slow lines show signs of turning near the 0 axis with a decrease in volume. The KDJ crosses upward, and the VR indicator is consolidating around the 120 value. On the 4-hour chart, there is a continuous upward movement that is blocked near the upper band and is adjusting downwards. The market has broken through the EMA200 and MA60, with the Bollinger Bands slightly opening and the short-term moving averages turning upward. The MACD fast and slow lines cross upward, breaking through the 0 axis, and the volume is decreasing. The KDJ is blocked near the 100 value and turns downward, while the VR indicator is consolidating around the 90 value. Overall, although yesterday's points were not good, the probability of the 4-hour candlestick forming a W shape was mentioned continuously the day before and yesterday, and it has indeed formed. Therefore, the resistance area above in the short term to pay attention to is the neck line of the W shape, which is around 63800-64000, while the support area below returns to around 62000-61800. It is expected that on Saturday, there will be a small range of fluctuations at a high level. For ultra-short-term trading, you can refer to the 63200-62300 range for high selling and low buying, ensuring good risk control. Here are the short-term suggestions.

Bitcoin Short-term Suggestion: Sell at 63900, Buy at 61900 (Activate the strategy and take profits as you see fit)

Ethereum Technical Analysis ————

For Ethereum, the market is testing around 2470 again, marking the third test of this area in the past three days, so pay close attention. If there is narrow fluctuation on Saturday, for ultra-short-term trading, refer to the 2460-2430 range for low buying and high selling, and be mindful of risk control. The short-term high resistance is at 2500-2520, with support returning to around 2410-2390. Here are the short-term suggestions.

Ethereum Short-term Suggestion: Buy at 2418, Sell at 2495 (Activate the 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 cryptocurrency circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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