Yueying: 1.29 Bitcoin Ethereum today's market analysis. The large pie's short position has been realized. Will the support break lead to an accelerated decline?

CN
3 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 strategy at 90500 for Bitcoin was executed accurately, currently at a low point around 87650, with limited profit space for the long position at 87800. On the daily chart, the previous candlestick tested the 60-day moving average and was blocked, resulting in a pullback and forming a shooting star candlestick. The market opened today with a downward test of the Bollinger Bands, and the short-term moving averages are flattening. The MACD fast and slow lines are extending downward with decreasing volume, and the KDJ is crossing upwards while the VR indicator is consolidating around the 110 value. On the four-hour chart, the market touched the EMA200 and was blocked, falling below the middle band, with the Bollinger Bands narrowing. The short-term moving averages show signs of turning, the MACD fast and slow lines are turning downward near the 0 axis with decreasing volume, and the KDJ is crossing downward while the VR indicator is consolidating around the 100 value. Overall, the news released in the early morning did not bring significant volatility, and after a slight drop at the morning open, the market trend is as expected. The upper resistance is still unable to break through and stabilize, so the short-term strategy is to focus on short positions during rebounds. The upper resistance to watch is around the four-hour 7-day moving average, and the support to watch is around the lower band, looking at short-term suggestions.

Bitcoin Short-term Suggestion: Long at 87300, Short at 89000 (Activate strategy and manage profits accordingly)

Ethereum Technical Analysis ————

Ethereum's rebound did not break through the previously mentioned resistance at 3050, and the market has turned back for a pullback. The daily and four-hour technical aspects are linked to Bitcoin for reference, continuing to focus on the short-term boundary around 3050 above, with support around 2900 and then 2800 below, looking at short-term suggestions.

Ethereum Short-term Suggestion: Short at 3015, Long at 2908 (Long at 2838) (Activate strategy and manage profits accordingly)

—— 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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