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 you are, the more effort you put in; the more 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 understanding of the market.
Yueying's strategy here only has precise points, with no ambiguous ranges or nearby areas. Friends who like Yueying can click to follow. Let's see today's sharing!
Bitcoin Technical Analysis————
Looking at Bitcoin's daily chart, the previous candlestick closed as a solid bullish line, but it did not break and stabilize above the 7-day moving average. The market continues to test the moving average after opening today, currently still below it. The Bollinger Bands continue to maintain a contraction state, with the middle line serving as a reference for short-term support. The MACD fast and slow lines are crossing downwards, and the volume bars continue to increase. The KDJ turns upward and then runs down again. The VR indicator is consolidating around the 200 value. On the 4-hour chart, the market broke above the 60-day moving average and the middle line but did not continue and instead retested them. The Bollinger Bands are in a flat contraction, and the short-term moving average is turning upward, running around the middle line. The MACD fast and slow lines are crossing upwards below the zero axis, and the volume bars are decreasing. The KDJ is facing resistance and turning downwards, while the VR indicator is consolidating around the 70 value. Overall, this wave of market rebound encountered resistance around 97200. Although the trend is strong, bulls shouldn't celebrate too early. Yueying believes this is merely a rebound and not a reversal, and there will be a drop to test support. A wave of rebound has made bulls excited again, looking at 100,000, which is merely giving those stuck at high prices an opportunity, or it can be said to be hope. However, hope may just be hope. In the short term, Yueying still sees a bearish outlook, continuing to look for short positions on rebounds. I am not a fence-sitter; I stick to my views whether bullish or bearish because after a strong rise, correction is needed, and it hasn't ended yet. Please refer to the short-term suggestions.
Bitcoin short-term suggestion: Short at 96700 (Activate the strategy and take profits at your discretion)
Auntie's Technical Analysis————
Auntie's price increase has greatly exceeded expectations, rising over $400 in just over a day. The market faced resistance and retested at 3688. Given the recent comprehensive trend and performance of Auntie, there seems to be a sign of a follow-up increase. The main idea is still to follow Bitcoin, primarily looking for short positions on rebounds, providing two reference points for breaking the previous high and not breaking the previous high. Please refer to the short-term suggestions. Additionally, all article strategies come with a default stop-loss; please manage your risk accordingly.
Auntie's short-term suggestion: Short at 3658 (Short at 3738) (Activate the strategy and take profits at your discretion)
——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have questions about operations or trends can communicate and learn with me! Let's exchange ideas and profit together!
There is a delay in article publication review, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by yourself! The market changes every day, and what I can do is use my years of practical experience to provide everyone with slight assistance, helping your investment decisions and management to stay on the right track. Meeting is fate, and I am a person who believes in fate. If you have any doubts in the cryptocurrency circle, you can follow Zhou Yueying more; I believe it will be helpful to you.
