Yueying: 5.11 Bitcoin Ethereum Today's Market Analysis Bullish Momentum? Don't rush, the bears still have a chance.

CN
19 hours ago

A person's self-discipline hides 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 coins, providing insights based on my own technical analysis of the market.

Here at Yueying, the strategy only includes precise points, with no ambiguous ranges or nearby levels. Friends who like Yueying can click to follow. Let's see today's share!

Bitcoin Technical Analysis ————

Looking at the daily chart of Bitcoin, the previous candle surged and closed positively around 104,900, facing resistance. The market opened today and retraced below the upper band. The Bollinger Bands are running upwards with a short-term upward arrangement. The MACD fast and slow lines are crossing upwards, with the volume bars decreasing. The KDJ is showing signs of a turn near the 100 value, and the VR indicator is consolidating around the 300 value. On the 4-hour chart, after a surge in the early morning, there were two consecutive bearish candles breaking below the 7-day moving average. The Bollinger Bands show signs of contraction, and the short-term moving averages are flattening. The MACD fast and slow lines are crossing downwards at a high position, with increasing volume bars. The KDJ is crossing downwards again, and the VR indicator is consolidating around the 160 value. Overall, there is still a need for a short-term retracement adjustment, as this wave of increase did not have a proper pullback, combined with the resistance at historical highs. Therefore, the short-term strategy remains focused on bearish rebounds, looking at short-term suggestions.

Bitcoin Short-term Suggestion: Short at 104,500 (Short at 106,600), Long at 101,800 (Activate strategy and manage profits yourself)

Ethereum Technical Analysis ————

Ethereum tested the 2,600 level and is now in a retracement adjustment. The short-term view on the daily chart remains unchanged, optimistic about the retracement correction. This wave of $800 increase surged directly without a pullback, and without indicator correction, the bullish trend is hard to sustain for too long. Therefore, the short-term strategy is linked to Bitcoin, focusing on bearish rebounds. Looking at short-term suggestions.

Ethereum Short-term Suggestion: Short at 2,580 (Short at 2,678), Long at 2,288 (Activate strategy and manage profits yourself)

—— 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 exchange ideas and profit together!

The publication of articles has a delay in review, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by the individual! The market changes every day, and what I can do is use my years of practical experience to provide some slight assistance, guiding your investment decisions and management on the right path. Meeting is fate; I am a person who believes in fate. If you have any doubts in the crypto world, you can follow Zhou Yueying more, and I believe it will be helpful to you.

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