Yueying: 10.22 Bitcoin and Ethereum market analysis today. Long positions are precise. The rebounds are just paper tigers. The adjustment is not over yet.

CN
4 hours ago

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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 areas. Friends who like Yueying can click to follow. Let's see today's share!

Bitcoin Technical Analysis ————

From the daily chart, Bitcoin's price rebounded but faced resistance around the 60-day moving average. The previous candle closed with an upper shadow and a bearish body. The intraday opening fluctuated around the 7-day moving average and EMA200. The Bollinger Bands are in an opening state, with short-term moving averages trending downwards. The MACD fast and slow lines are extending downwards, with the volume bars decreasing. The KDJ is crossing downwards again, and the VR indicator is consolidating around the 90 value. On the 4-hour chart, the bullish candle broke through the upper band but faced resistance around EMA200, followed by consecutive bearish candles recovering the upward momentum, creating a rollercoaster market. The Bollinger Bands are flattening, with short-term moving averages turning downwards. The MACD fast and slow lines are crossing downwards again, with the volume bars turning green. The KDJ is extending downwards, paying attention to the support near the 0 value, and the VR indicator is consolidating around the 130 value. Overall, the market continues to maintain a weak oscillating structure, and any short-term rebounds should be treated with caution. If the key resistance is not broken, we continue to look for downward behavior. The previous long position at 107500 has yielded good space, and we look to extend downwards to see the support around 106000. If broken, we will focus on the support above 103500, with short-term resistance to watch below 110000. Looking at short-term suggestions.

Bitcoin Short-term Suggestions: Short at 109200, Long at 106600 (Long at 104500) (Activate strategy and manage profits independently)

Ethereum Technical Analysis ————

For Ethereum, the previous long position at 3858 performed as expected, with good space. The overall technical aspect still refers to Bitcoin, following its weak oscillating structure. Pay attention to the support around 3700; if broken, focus on the support above 3500. Short-term resistance to watch is around 3960. Looking at intraday short-term suggestions.

Ethereum Short-term Suggestions: Short at 3918, Long at 3730 (Long at 3588) (Activate strategy and manage profits independently)

—— 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 daily, 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 closely, and I believe it will be helpful to you.

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