Yueying: October 13-14 Bitcoin Ethereum today's market analysis, two tests of rapid rise, true double bottom pattern, brainless long? Including short-term.

CN
6 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 currencies, providing insights based on my technical observations of the market.

Here at Yueying, the strategy only has precise points, with no ambiguous ranges or nearby references. Friends who like Yueying can click to follow.The previous public account was controlled due to risk management, please follow the new public account below.Let's see today's sharing!

Technical analysis of Bitcoin————

Looking at the daily line of Bitcoin, the previous candle closed as a solid bearish candle. After the market opened today, it tested near 80,000 again, receiving support and rebounding, forming a double bottom pattern. The Bollinger Bands are narrowing and flattening, short-term moving averages are slightly turning, MACD's fast and slow lines are extending downward with the volume bar increasing then decreasing, and KDJ crosses upward after turning. The VR indicator is consolidating around the value of 80. On the 4-hour chart, after being blocked near the 60-day moving average, it tested downward with consecutive bearish candles but found support and quickly rebounded, returning to above 83,000. It tested the upper band and the moving average again. The Bollinger Bands are operating in a narrow range while the short-term moving average is around the mid-band. The MACD fast and slow lines cross upward again below the zero axis, and the volume bar turns red and slightly increases. KDJ crosses upward, and the VR indicator is consolidating near the value of 100. Overall, the market is blocked near 84,000, making a second test and quickly completing the rise. This left traders expecting a breakout below 80,000 somewhat caught off guard, also indicating that there are protective actions near 80,000. For now, the main force does not want to break through the integer threshold, and the resistance above remains at around 84,500. If it breaks through and stabilizes, there will be further continuation; otherwise, in the short term, wide fluctuations are expected. In the short term, pay attention to the support around 82,000; if it breaks, continue to wait for the situation at 80,000. The current candlestick pattern is easy to confuse, so treat it cautiously. Here's a short-term suggestion;

Bitcoin short-term suggestion: Long at 82,500, Short at 84,300 (If the strategy is activated and profitable, act accordingly)

Technical analysis of Ethereum————

The trend of Ethereum is also consistent with Bitcoin, testing around 2,400 without breaking, and whether it's a real or false double bottom remains to be observed. Technical indicators reference Bitcoin, with short-term attention on resistance below the previous high and support around 2,440 above. Here’s a short-term suggestion.

Ethereum short-term suggestion: Long at 2,468, Short at 2,558 (If the strategy is activated and profitable, act 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!

Article publication review has delays, the market changes rapidly, and the above suggestions are for reference only at your own risk! The market changes every day, and what I can do is provide slight help based on my years of practical experience, guiding everyone's investment decisions and management on the right track. Meeting is fate; I believe in fate. If you have any confusion in the cryptocurrency space, feel free to follow Zhou Yueying. I believe it will be helpful for you.

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