Yueying: 7.14 Bitcoin and Ethereum Market Analysis Today Bitcoin hits a new high again, can Ethereum regain the glory of its cyclical rise?

CN
9 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 ————

Bitcoin's trend continues to be strong, with the daily chart showing a rise again at the opening to test around 123,000. The market has once again broken through the upper band, the Bollinger Bands are opening, and the short-term moving averages are running upwards. The MACD fast and slow lines are extending upwards with a shrinking volume, and the KDJ is running upwards, paying attention to the resistance near the 100 value. The VR indicator is consolidating around the 150 value. On the 4-hour chart, after a small K-line fluctuation and slow rise over the weekend, we welcome two large bullish candles breaking through the upper band. The Bollinger Bands are opening again, the short-term moving averages are turning upwards, the MACD fast and slow lines are crossing upwards at a high position with the volume turning red, and the KDJ is extending upwards while the VR indicator is consolidating around the 450 value. Overall, the technical aspect continues to lean towards a strong structure, but it is most prudent to wait for a pullback before entering, as such a market may experience sudden drops for liquidation at any time. It is advisable to watch more and act less in short-term operations. Here are the short-term suggestions.

Bitcoin Short-term Suggestions: Short at 123,800 (Short at 131,500), Long at 120,800 (Long at 119,800) (Activate strategy and manage profits on your own)

Ethereum Technical Analysis ————

The short-term position at 2905 for Ethereum has realized the short-term space. The trend is still not as strong as Bitcoin; currently, it has only slightly broken and tested around 3050 before pulling back. Based on historical cycle trends, as long as Bitcoin enters a sideways consolidation, Ethereum is expected to catch up. However, this bull market has not shown good feedback, and whether it can break through this time is uncertain. We can only refer to short-term support and resistance. Here are the short-term suggestions.

Ethereum Short-term Suggestions: Short at 3058 (Short at 3165), Long at 2958 (Long at 2868) (Activate strategy and manage profits on your own)

—— 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 article's publication review has a delay, and the market changes rapidly. The above suggestions are for reference only, and risks are 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 on the right path. 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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