Yueying: Is the adjustment of the big pie aunt over and will the upward trend continue? It's too early to say; I remain bearish on the rebound.

CN
5 hours 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.

Here at Yueying, the strategy only includes precise points, with no ambiguous ranges or nearby levels. Friends who like Yueying can click to follow. Let's see today's share!

Bitcoin Technical Analysis ————

Looking at the daily chart of Bitcoin, the previous candle closed as a solid bullish candle, but it did not break and hold above the 7-day moving average. The market opened today and continues to test the moving average; it is still below it. The Bollinger Bands continue to maintain a contracted state, with the middle band serving as a reference for short-term support. The MACD fast and slow lines are crossing downwards, with the volume bars continuing to expand. The KDJ turned upwards and then started to move down again. The VR indicator is consolidating around the 200 value. On the 4-hour chart, after breaking the 60-day moving average and the middle band, the market did not continue but instead retraced to test the 60-day moving average and the middle band again. The Bollinger Bands are contracting and flattening, with the short-term moving averages turning upwards and operating around the middle band. The MACD fast and slow lines are crossing upwards below the zero axis, with volume bars decreasing. The KDJ is facing resistance and turning downwards, while the VR indicator is consolidating around the 70 value. Overall, this wave of market rebound has encountered resistance around 97200. Although the trend is strong, bulls should not celebrate too early. Yueying believes this is merely a rebound, not a reversal, and there will be a decline to test support. A wave of rebound has excited the bulls again, looking towards 100,000, but this is just giving an opportunity to those who are trapped in high positions; it can also be said to be hope, but hope may just be hope. In the short term, Yueying remains bearish, continuing to short on rebounds. I am not a fence-sitter; I am firm when bullish and will not change easily when bearish, because after a strong rise, a correction is needed, and the correction has not yet ended. Here are the short-term suggestions.

Bitcoin Short-term Suggestion: Short at 96700 (Strategy activated, profit to be managed by yourself)

Ethereum Technical Analysis ————

Ethereum's increase has greatly exceeded expectations, rising over 400 dollars in just over a day. The market encountered resistance at 3688 and pulled back. Given Ethereum's recent comprehensive trend and performance, it seems to have the intention of catching up. The main idea is still to follow Bitcoin, focusing on shorting during rebounds, providing two positions to reference: breaking the previous high and not breaking the previous high. Here are the short-term suggestions. Additionally, all strategies in the article have a default stop-loss; please manage your risk accordingly.

Ethereum Short-term Suggestion: Short at 3658 (Short at 3738) (Strategy activated, profit to be managed by yourself)

—— 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!

The publication of articles has a delay, and the market changes rapidly. The above suggestions are for reference only, and risks are to be borne by yourself! The market changes every day; what I can do is use my years of practical experience to provide some slight help, 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 crypto world, you can follow Zhou Yueying more closely, and I believe it will be helpful to you.

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