Yueying: The adjustment period for the big pie (Bitcoin) is about to end, and the turning point is approaching. Here are some short-term suggestions.

CN
8 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.

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!

The support given by the previous altcoin has yielded gains as long as there were transactions.

Bitcoin Technical Analysis ————

The daily chart of Bitcoin shows alternating bullish and bearish candlesticks continuing to oscillate within a range, which has been maintained for about ten days. The breaking point of the range is getting closer. The Bollinger Bands are in a contracted state, with the 60-day moving average and the middle band forming short-term resistance. The MACD fast and slow lines are running downwards and flattening, with the volume bars decreasing. The KDJ is facing resistance and turning upwards, while the VR indicator is consolidating around the 100 value. On the 4-hour chart, the market shows weak oscillation with lower highs, fluctuating back and forth within the Bollinger Bands. The Bollinger Bands are narrowing, and the short-term moving averages are running around the middle band. The MACD fast and slow lines are running upwards below the zero axis, with a slight increase in volume bars. The KDJ is crossing upwards again, and the VR indicator is consolidating around the 90 value. Overall, the market is leaning towards weakness, with a downward continuation adjustment on the daily level. If it cannot break and stabilize above the middle band, we will continue to look for downward oscillation. In the short term, we can pay attention to this area, which is also the resistance around the EMA200 on the 4-hour chart. Therefore, in the short term, we can consider entering at this resistance for a rebound. If it breaks through, we need to pay attention to the resistance below 101300. Here are the short-term suggestions.

Bitcoin Short-term Suggestion: 98800 short (100558 short) Long positions are not provided here, please consult (activate strategy and take profits as you see fit)

Ethereum Technical Analysis —————

For Ethereum, the technical aspect is linked to Bitcoin. We will not look for a reversal unless the downward trend line is broken, so the short-term remains focused on short positions during rebounds. First, pay attention to the resistance around 2850, and then to the resistance around 3050. Here are the short-term suggestions.

Ethereum Short-term Suggestion: 2822 short (3030 short) Long positions are not provided here, please consult (activate 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 exchange ideas 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 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 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, and I believe it will be helpful to you.

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