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.

First published on the official account. Friends who want to verify their strength can follow the official 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 provide precise points, without ambiguous ranges or nearby levels. Friends who like Yueying can click to follow. Let's see today's sharing!

This morning, I suggested a short position for Bitcoin at 69,200. The market encountered resistance and retraced in this area, but the retracement was less than 900 dollars, which is not considered a success in the short term; opinions may vary. Yesterday's article provided two short positions, and the second one broke directly, so I won't mention it. The key point is the long position for Ethereum Classic at 2,488, which was quite precise, as the market rebounded and rose around 2,485, with good space.

Bitcoin Technical Analysis ————

Looking at the daily chart of Bitcoin, yesterday's market closed with a solid bullish candle, breaking through the 70,000 mark. The market opened today without retracement and continued to rise, reaching around 71,600, where it faced slight resistance and entered a correction. The Bollinger Bands are maintaining an upward trend, with short-term moving averages extending upward. The MACD fast and slow lines have crossed upward again, with a slight increase in volume bars. The KDJ is crossing upward, and attention should be paid to the resistance near the 100 level. The VR indicator is consolidating around the 110 level. On the 4-hour chart, the K-line that opened at 8 PM last night closed with an upper shadow bearish candle, technically inducing a short position, followed by consecutive bullish candles. At that time, there was no retracement, and it broke through the upper band. Currently, the market is running above the upper band, with the Bollinger Bands in a trumpet opening state, and short-term moving averages in a bullish arrangement. The MACD fast and slow lines are maintaining an upward extension above the 0 axis, with volume bars decreasing. The KDJ is moving upward, and attention should be paid to the resistance near the 100 level. The VR indicator is consolidating around the 80 level. Overall, after Bitcoin's price formed a W shape again, it did not linger too much near the neckline and broke through 70,000 in one go. The short-term resistance to watch is around 73,000, and support is around 69,500. If it breaks through 73,000, I expect it to continue to reach new highs, so today's short-term suggestion for long positions provides two reference plans. Let's look at the short-term suggestions.

Bitcoin Short-term Suggestions: Short at 72,500, Long at 70,098 (If it breaks through 73,000, consider lightly adding to the long position, looking for a space of 1,500-2,500 dollars) (Activate the strategy and manage profits on your own)

Ethereum Classic Technical Analysis ————

While Bitcoin has broken through 71,000, Ethereum Classic is still below 2,630, which really undermines its title as the second in command and the king of altcoins. Its performance this year has not been impressive enough; if this continues, the title of the second in command may be replaced by Solana. The daily level maintains operation within a large box below, with resistance at the upper edge around 2,750-2,800, so this area needs to be closely monitored. This is also key for the bulls to break out of the box. Let's look at the short-term suggestions.

Ethereum Classic Short-term Suggestions: Short at 2,715, Long at 2,568 (If it breaks through 2,750, consider lightly adding to the long position, looking for a space of 80-100 dollars; be cautious with position size for risk control) (Activate the 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! Official 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 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 follow Zhou Yueying more closely, and I believe it will be helpful to you.

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