Yueying: 4.24 Bitcoin and Ethereum market analysis today, showing signs of a temporary peak. Be cautious of an accelerated downward trend.

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 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 ————

Bitcoin's rebound yesterday did not break through the 95,000 level; the short positions were not activated, and the long positions achieved around 1,700 dollars of space. Looking at the daily chart, the previous candlestick closed as a high-position doji. The market opened today and retraced below the upper band. The Bollinger Bands are in an opening state, and the short-term moving averages are turning upwards. The MACD fast and slow lines continue to extend upwards, with the volume bars shrinking. The KDJ is turning downwards, and the VR indicator is consolidating around the 220 value, while the RSI is turning in the overbought zone. On the 4-hour chart, the market retraced and broke the 7-day moving average, testing around the middle band. The Bollinger Bands are running upwards with a slight opening, the 7-day moving average is turning upwards, and other moving averages are also running upwards. The MACD fast and slow lines crossed downwards at a high position, with the volume bars turning green and expanding. The KDJ is extending downwards, and the VR indicator is consolidating around the 230 value. Overall, this wave of upward movement has temporarily stopped and entered a correction phase. In the short term, the previous high serves as a boundary, and the next is to break the previous high. These two ideas can be used to rebound short. Pay attention to the support around the middle band on the 4-hour chart for short-term suggestions.

Bitcoin Short-term Suggestion: 93,500 short (95,300 short), 90,880 long (activate strategy and take profit as needed)

Ethereum Technical Analysis ————

In terms of Ethereum, the technical aspect is linked to Bitcoin for reference. Currently, it is facing resistance around 1,830 and is adjusting downwards. The short-term thought is synchronized with Bitcoin, first using the previous high as a reference, and then entering upon breaking the previous high. Currently, this wave of retracement is in a downward trend, and a rebound will only occur with acceleration, so the short-term support reference is below 1,700. Look at the short-term suggestions.

Ethereum Short-term Suggestion: 1,788 short (1,855 short), 1,688 long (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 exchange ideas 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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