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The more diligent, the more effort; the more 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.
First published on the public account. Friends who want to verify their strength can find Yueying at the end of the article on the public account. The friend circle has irregular real-time strategy suggestions every day. Here at Yueying, the strategy only has precise points, without vague ranges or nearby values. Friends who like Yueying can click to follow. Let's see today's sharing!
Recent articles have been consistently bearish, suggesting to short and indicating that the market needs to pull back. Yesterday's article indicated that Bitcoin did not continue to break the high point for us to get on board, but Auntie's article provided a short at 3488. Meanwhile, around 9:40 PM, I updated a short text suggesting that the 3488 short could continue to hold, and to short again at 3500-3515. At that time, the high point was 3530, and the market rebounded to 3524 around 10:15 PM before starting to plunge. This wave of short positions was accurately captured.
Bitcoin technical analysis ————
Looking at Bitcoin's daily line, the last K candle closed as an entity bearish candle breaking the 7-day moving average. This is the first time since the rise at the beginning of the month that the market has broken the 7-day moving average. The market opened with a slight rebound and entered a consolidation adjustment. The Bollinger Bands continue to maintain a contracted state, and the short-term moving averages are running upwards. Pay attention to the short resistance of the 7-day average. The MACD fast and slow lines are crossing downwards with the volume bars turning green, KDJ is crossing downwards, and the VR indicator is consolidating around the 200 value. Looking at the 4-hour chart, the K-line continues to decline and breaks the 60-day moving average. The Bollinger Bands are slightly opening, and the short-term moving averages are turning downwards. The MACD fast and slow lines are crossing downwards and breaking through the 0 axis, with the volume bars increasing again. KDJ is running downwards, and pay attention to the support near the 0 value. The VR indicator is consolidating around the 70 value. Overall, the market is moving out of the previous expectations, the direction is accurate, and yesterday's article hinted that the daily volume bars divergence needed a pullback correction. Although the market is moving out of expectations, Bitcoin has shown weakness in the rebound strength these two days, so no short position points have been provided. In the short term, Yueying still maintains a bearish stance. This wave of pullback has not ended, and the short-term remains bearish on rebounds, referencing resistance below 96500. Look at the short-term suggestions.
Short-term suggestion for Bitcoin: short at 95777 (profit can be grasped by oneself once the strategy is activated)
Auntie's technical analysis ————
Although Auntie's performance last night was slightly stronger than Bitcoin, the second one is still the second one, and it has to follow Bitcoin's decline. Although the drop is a bit smaller, the short position suggested by Yueying still yielded good returns. After a wave of ups and downs, it still has to drop. The short-term strategy is in sync with Bitcoin's reference, and we continue to look bearish on rebounds, as the Pandora's box opens to welcome the feast of the bears. Look at the short-term suggestions.
Auntie's short-term suggestion: short at 3435 (profit can be grasped by oneself once the strategy is activated)
——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn to operate together with me! Let's communicate and profit together! Public account: I am Zhou Yueying.
The review of article publication has a delay, the market changes rapidly, and the above suggestions are for reference only at your own risk! The market changes drastically every day, and what I can do is to provide you with some slight help based on my years of practical experience, guiding your investment decisions and business management in the right direction. Meeting is fate; I am someone who believes in fate. If you have any doubts in the cryptocurrency circle, you can pay more attention to Zhou Yueying, and I believe it will help you.
