Yueying: The W-shaped pattern of Bitcoin reappears, can it still be shorted? Auntie is waiting for key resistance.

CN
6 hours ago

A person's self-discipline 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.

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 values. Friends who like Yueying can click to follow. Let's see today's sharing!

Bitcoin Technical Analysis ————

Looking at the daily chart of Bitcoin, after a small rebound over the weekend, it opened again and rose above the short-term moving average. The Bollinger Bands are opening upwards, and the short-term moving averages are forming support. The MACD fast and slow lines are turning upwards, with a decrease in volume, and the KDJ is forming a crossover upwards, paying attention to the resistance near the 100 value. The VR indicator is consolidating around the 100 value. On the 4-hour chart, after opening with a bearish candle at 8 AM, the market did not continue, finding support around the 60-day moving average. In the afternoon, it continued the bullish candle from noon to test upwards. The Bollinger Bands are slightly opening, and the short-term moving averages are starting to turn upwards around the middle track. The MACD fast and slow lines have broken above the 0 axis, extending upwards with an increase in volume, and the KDJ is turning downwards but finding support to rise again, paying attention to the resistance around the 100-110 values. Overall, the 4-hour K-line has formed a high W shape and is currently testing the resistance around the neckline. From the momentum, testing the previous high is already within reach, so in the short term, pay attention to the resistance around the previous high. If it breaks through, then focus on the resistance around 71,000. Today is Monday, just closing the weekly line, and there is a probability of a K-line with an upper shadow, so in the short term, two reference positions are given: the first is not breaking the previous high, and the second is not breaking 71,200. On the downside, first pay attention to the support around 67,000. Let's look at the short-term suggestions.

Bitcoin Short-term Suggestion: Sell at 69,200 (Sell at 70,800), Buy at 67,360 (Activate strategy and take profit as needed)

Ethereum Technical Analysis ————

After the spike at 2,380, Ethereum rebounded and is currently testing the resistance around 2,550. For short positions, two references are also given: one is below 2,600, and the other is breaking 2,600. The monthly line is also about to close, so the recent market may fluctuate significantly, so short-term participation should pay attention to risk control and position management. Not much to say, let's look at the short-term suggestions.

Ethereum Short-term Suggestion: Sell at 2,575 (Sell at 2,638), Buy at 2,488 (Activate strategy and take profit as needed)

—— 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

The article's publication review has a delay, 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 help, guiding your investment decisions and management in the right direction. 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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