Yueying: Bitcoin once again challenges the previous high resistance and retraces to 37165 for a bullish view. Ethereum at 2048 for a long position.

CN
2 years ago

In a person's self-discipline, there is infinite potential. The level 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 and hardworking you are, the more disciplined and outstanding you become. I am Zhou Yueying, focusing on the trend analysis of mainstream currencies, and providing insights into the market based on my own technical expertise.

First release on the public account. For friends who want to verify my strength, follow the public account at the end of the article to find Yueying. There are daily price strategy suggestions at irregular times in the circle of friends. Let's take a look at today's sharing!!

Bitcoin Technical Analysis——

On the daily chart, the candlestick of Bitcoin shows a bullish trend, recovering the decline and breaking through the midline and the 7-day moving average. It is running below the upper track, with the lower moving averages and midline forming short-term support. The Bollinger Bands are maintaining a flat trend, the MACD fast and slow lines are extending downwards with shrinking volume, the KDJ is crossing upwards, and the VR index is consolidating near a value of 140. On the 4-hour chart, the Bollinger Bands are starting to open up, the 7-day moving average and the 30-day moving average are crossing upwards, the MACD fast and slow lines are forming a cross above the 0 axis with increasing volume, the KDJ three lines are continuing to extend upwards, and the VR index is consolidating near a value of 170. Overall, the short-term market technical outlook is biased towards the bullish side, but the MACD fast and slow lines on the daily chart have been running downwards, which needs to be noted. At the same time, the resistance around 38000 needs to be observed, as it can be said that the price has failed to break through and stabilize four times, so the probability of another attempt to break through will be high. The overall shape of the 4-hour candlestick is still in a complete upward channel. From late October to now, the low point has been gradually rising, and there has been no break below the effective support, so the bullish trend is still intact. Currently, the market is approaching the 38000 mark, so we will observe and consider today's short-term suggestions, and the short position needs to be observed, only providing support levels.

Short-term strategy suggestion for Bitcoin: Long at 37165. (Activate the strategy for profit and manage it on your own)

Ethereum Technical Analysis——

Ethereum follows Bitcoin, slightly stronger and with a slightly larger increase. The 4-hour candlestick forms a W shape, and the price is also approaching the key resistance zone of 2100-2130. The technical outlook is similar to Bitcoin, with indicators also leaning towards the bullish side. We will pay close attention to the resistance zone above, without further ado, let's take a look at today's short-term suggestion.

Short-term strategy suggestion for Ethereum: Long at 2048. (Activate the strategy for profit and manage it on your own)

——I am Zhou Yueying, a teacher dedicated to technical analysis. If you have any questions about operations or trends, you can communicate and learn with me! Let's exchange ideas and profit together! Public account: I am Zhou Yueying, V-blog: Financial Guru Zhou Yueying

Article publication is subject to delays in review, and the market changes rapidly. The above suggestions are for reference only, and risks are self-assumed! The market changes constantly every day, and all I can do is to provide some weak assistance based on my years of practical experience, so that everyone's investment decisions and management can be on the right track. Meeting is fate, and I am a person who believes in fate. If you have any doubts or questions in the currency circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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