In a person's self-discipline lies infinite possibilities; the extent of your self-discipline determines the height of your life.
There is no shortcut in life, but every step you take counts.
The harder you work, the more diligent you are; the more self-disciplined you are, the more excellent you become. I am Zhou Yueying, focusing on the trend analysis of mainstream cryptocurrencies, providing insights based on my own technical analysis.
First published on the official account. For friends who want to verify strength, follow the official account at the end of the article to find Yueying. The friend circle has irregular real-time strategy suggestions every day. Here, Yueying's strategies only have precise points, without ambiguous ranges or nearby values. Friends who like Yueying can click to follow. Let's see today's share!
Technical analysis of Bitcoin ————
On the daily chart for Bitcoin, the previous candle closed as a solid bullish line, but it did not break and stabilize above the 7-day moving average. During the day, it continues to test the moving averages, which are still below. The Bollinger Bands continue to narrow, with the middle line serving as short-term support. The MACD fast and slow lines are crossing downwards with increasing volume, and the KDJ is turning upward before running down again. The VR indicator is consolidating around the 200 value. In the 4-hour chart, after breaking the 60-day moving average and the middle line, it did not continue but instead retraced to test the 60-day moving average and the middle line again. The Bollinger Bands are narrowing and flattening, with the short-term moving averages turning upwards around the middle line. The MACD fast and slow lines are crossing upwards below the 0-axis with decreasing volume, and the KDJ is facing resistance, turning downwards. The VR indicator is consolidating around the 70 value. Overall, this wave of market rebound has hit resistance around 97200. Although the trend is strong, bulls shouldn't celebrate too early. Yueying believes this is merely a rebound, not a reversal, and there will be further declines to test support. This rebound has excited the bulls again, looking towards 100,000, but this is just giving opportunities to those who are caught in high positions, which can be seen as hope, but hope might just be hope. In the short term, Yueying is still bearish, continuing to short during the rebound. I am not wishy-washy; I am firm when bullish and will not casually change when bearish because a strong rise needs correction, and the correction is not yet over. Looking at the short-term suggestions.
Short-term suggestion for Bitcoin: short at 96700 (profit from strategy activation is up to your discretion)
Technical analysis of Ethereum ————
The rise of Ethereum has greatly exceeded expectations, with an increase of over 400 dollars in just over a day. The market faced resistance at 3688 and pulled back. Given the recent comprehensive trend and performance of Ethereum, it seems to have a follow-up rise intention. The main idea is still to follow Bitcoin, focusing on shorting during rebounds, providing two reference points for breaking the previous high and not breaking the previous high. Looking at short-term suggestions. Additionally, all article strategies have default stop-loss settings, so please manage your risk accordingly.
Short-term suggestion for Ethereum: short at 3658 (short at 3738) (profit from strategy activation is up to your discretion)
—— I am Zhou Yueying, a teacher focusing on technical analysis. Friends with any questions about operations or trends can communicate and learn with me! Let's exchange ideas and profit together! Official account: I am Zhou Yueying
There may be delays in article publication review, and market conditions change rapidly. The above suggestions are for reference only, and the risk is borne by you! The market changes daily, and what I can do is use my years of practical experience to provide you with some slight assistance, helping your investment decisions and business management stay on the right course. Meeting is fate; I believe in fate. If you have any doubts in the cryptocurrency world, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.