Yueying: 10.29 Bitcoin and Ethereum market analysis today. The big pie short positions are once again realized. The interest rate meeting will definitely shake out positions. Be cautious in the short term.

CN
14 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 ————

The short position at 115800 mentioned earlier has been realized again. Looking at the daily chart, the previous candlestick has formed an upper shadow bearish candle. The market opened today with support and rebounded around the 7-day moving average. The Bollinger Bands are in a contracted state, with the short-term moving averages turning upwards. The MACD fast and slow lines are crossing upwards, with increasing volume, while the KDJ is turning downwards, and the VR indicator is consolidating around the 80 value. On the 4-hour chart, after a false breakout, the market has continued to decline, breaking below the middle track and the 7-day moving average. Currently, it is rebounding and testing the middle track and the 7-day moving average again. The Bollinger Bands are slightly contracted, with the short-term moving averages turning downwards. The MACD fast and slow lines are crossing downwards, with decreasing volume, while the KDJ is supported and turning upwards, and the VR indicator is consolidating around the 120 value. Overall, the market has not broken below the short-term support and is in a consolidation structure. The lower support to watch is around 112000; if it breaks, then focus on the daily middle track. The upper resistance to watch is around 115000, followed by 116000. It is worth noting that there is an interest rate meeting in the early morning, and the market will not escape the fluctuations, so be cautious with risk management for short-term participation. Here are the short-term suggestions.

Bitcoin Short-term Suggestions: 114500 short (115800 short), 112800 long (111200 long) (activate the strategy and take profits as you see fit)

Ethereum Technical Analysis ————

Ethereum's pullback strength is stronger than Bitcoin's, and the overall technical aspect has not deviated much; continue to refer to Bitcoin for guidance. The lower support to watch is around 3900, followed by 3800. The upper resistance to watch is around 4100; if it breaks, then focus on 4200. For the short term, these support and resistance levels are the main references; see the short-term suggestions for today.

Ethereum Short-term Suggestions: 4070 short (4170 short), 3950 long (3848 long) (activate the 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!

There may be delays in article publication review, 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 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 closely, and I believe it will be helpful to you.

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