Yueying: When will the big pie's phase of decline and stagnation come to an end? Are you on the road chasing the bubble?

CN
5 days ago

The self-discipline of a person hides 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 at Yueying, the strategy only has precise points, with no ambiguous ranges or nearby levels. 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 candlestick closed as a small bullish doji. The intraday opening did not manage to break above the 7-day moving average and instead continued to slowly decline. The Bollinger Bands have slightly begun to contract, and the short-term moving averages are trending upwards, but the 7-day moving average has formed short-term resistance above the candlestick and is starting to turn down. The MACD fast and slow lines are turning down, with the volume bars continuously decreasing, and the KDJ is crossing downwards, extending. The VR indicator is consolidating around the 100 value. On the 4-hour chart, after a series of declines, the price made several spikes around 66500, providing short-term support, but the rebound strength is limited. In the early morning, the price faced resistance from the short-term moving averages and closed with a bearish candlestick, testing downwards. It is currently testing the break below the 60-day moving average and running towards the lower band. The Bollinger Bands have slightly opened downwards, and the short-term moving averages are forming resistance. The MACD fast and slow lines continue to expand downwards, breaking through the 0 axis, and the volume bars have slightly increased again. The KDJ is facing resistance and has turned down again, forming a cross, with the VR indicator consolidating around the 60 value.

Overall, the ideas in the articles over the past two days have been accurate, but there have been no entry opportunities because the market has reached a temporary peak and is experiencing a downward trend, with very little rebound strength. I wanted to wait for a rebound to short, but there have been no opportunities to enter. This kind of downward trend is very exhausting, akin to "a dull knife cutting flesh," which describes this kind of market. It looks bearish but does not provide a rebound opportunity for you to enter. For friends who are stuck in long positions, it is also a kind of torment, wanting a rebound to break even but not getting the chance. Yesterday's article also mentioned that the divergence on the 4-hour level has not been fully released. Unfortunately, the suggestions in the article did not result in trades. Therefore, even if it looks bearish, if there is an accelerated downward trend at this stage, it must be treated with caution; do not chase it, and be careful of traps. For the short term, it is still recommended to wait for a rebound to short as the main strategy, looking at short-term suggestions.

Bitcoin Short-term Suggestion: Short at 67700, Long at 65500 (Activate strategy and manage profits on your own)

Ethereum Technical Analysis ————

There is not much to say about Ethereum's technical aspects; it is linked to Bitcoin for reference. The 4-hour chart is also in a continuous decline. Similarly, once there is an accelerated downward trend, do not chase it. When all technical indicators are fully biased towards bearish, it must also be treated with caution. For short-term suggestions, ensure proper risk control when considering entry.

Ethereum Short-term Suggestion: Short at 2648, Long at 2518 (Activate strategy and manage profits on your own)

—— 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 exchange ideas and profit together! Public account: I am Zhou Yueying

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

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