Yueying: 2.11 Bitcoin Ethereum today's market analysis. With non-farm payrolls approaching, will it continue to drop after the washout?

CN
26 days ago

Within 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 disciplined, the more excellent. I am Zhou Yueying, focusing on the analysis of mainstream currency trends, providing insights based on my technical understanding of the market.

Yueying's strategy only has precise points, with no ambiguous ranges or nearby levels; friends who like Yueying can click to follow. Let's see today's share!

Technical Analysis of Bitcoin————

Looking at the daily chart of Bitcoin, the previous K line continues to be blocked around the 7-day moving average; today’s opening continues downward testing. The Bollinger Bands continue to open while the short-term moving averages are arranged downward. The MACD fast and slow lines curve downward again with a decreasing volume column, KDJ is blocked around the 60 value and curves downward, the VR indicator is consolidating around the 50 value. The 4-hour K line is forming an arc shape and is currently testing support around the lower track; the Bollinger Bands narrow and then start to open, with the short-term moving averages curving down. The MACD fast and slow lines cross downward with a green volume column increasing; KDJ is supported near the 0 value and curves upward, the VR indicator is consolidating around the 100 value. Overall, the market continues to show weakness and a downward testing structure after being blocked, with signs of another bottom test. Tonight, the previously postponed non-farm payroll data will be released, and there is an expectation of up and down volatility in the short term, so continue to pay attention to the resistance around 70,000-71,000, and the support around 64,000 for short-term advice.

Bitcoin Short-term Advice: Short at 695, Long at 648 (profit can be managed personally once the strategy is activated)

Technical Analysis of Ethereum————

Ethereum’s K line trend and the daily and 4-hour technical feedback relate to Bitcoin for reference. In the short term, continue to pay attention to the resistance around 2100, and support above 1830; short-term reference for support and resistance entry, just pay attention to risk control regarding market fluctuations. Look at short-term suggestions.

Ethereum Short-term Advice: Short at 2058, Long at 1888 (profit can be managed personally once the strategy is activated)

——I am Zhou Yueying, a teacher focused on technical analysis. Anyone with questions about operations or trends can communicate and learn together with me! Share and profit together!

Publishing of articles has delay in approval; the market is ever-changing. The above suggestions are for reference only, and risks are self-borne! The market changes every day; what I can do is use my years of practical experience to provide some slight help, guiding everyone’s investment decisions and management towards the right direction. Meeting is fate; I am a believer in fate. If you have any confusion in the cryptocurrency circle, you can follow Zhou Yueying more; I believe it will help you.


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