Yueying: Today's market analysis for 2.25 Bitcoin and Ethereum shows that the bears have achieved a great victory. Is it time to buy the dip?

CN
6 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 sharing!

Bitcoin Technical Analysis ————

The market continues to decline. Yesterday's article mentioned the weak technical aspect, needing another downward probe. The internal trend-following shorts have achieved good results. Looking at Bitcoin's daily chart, the previous candlestick closed as a solid bearish candle. After a slight rebound at the opening today, it moved down again, breaking the lower band. The Bollinger Bands are opening up, and the short-term moving averages are turning down. The MACD fast and slow lines are crossing downwards, with increasing volume, and the KDJ is extending downwards, paying attention to the support near the 0 value. The VR indicator is consolidating around the 60 value. On the 4-hour chart, after breaking the key support last night, there was no rebound but a continuous decline. The Bollinger Bands are opening up a downward channel, with short-term moving averages running downwards. The MACD fast and slow lines are extending downwards with increasing volume, and the KDJ is turning upwards, while the VR indicator is consolidating around the 60 value. Overall, the market has broken key support, and the candlestick has fallen below the lower band, indicating a need for correction. However, currently, entering long positions requires waiting for the next decline before considering entry. Based on the top-bottom conversion, pay attention to the resistance around 92500. In the short term, continue to focus on short positions during rebounds, and watch the EMA200 on the daily chart for support before entering long positions. Here are the short-term suggestions.

Bitcoin Short-term Suggestion: Short at 91800, Long at 86453 (Activate strategy and take profits as you see fit)

Ethereum Technical Analysis ————

After significant market movements, time is needed for correction and adjustment. Ethereum's technical aspect is linked to Bitcoin for reference. The current structure is undergoing a second bottom probe, and key support should focus on the previous low points. In the short term, a range adjustment is expected, treating it as a range for short-term trading, buying high and selling low. Here are the short-term suggestions.

Ethereum Short-term Suggestion: Short at 2508, Long at 2248 (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 share and profit together!

The publication of articles has a delay in review, 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, and what I can do is use my years of practical experience to provide some slight help, guiding your investment decisions and management on the right path. Meeting is fate; I am a person who believes in fate. If you have any doubts in the cryptocurrency circle, you can follow Zhou Yueying more, and I believe it will be helpful to you.

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