Yueying: 5.12 Bitcoin and Ethereum market analysis today. Every time a new high is broken, there is a probability of a plunge. Be cautious of a sharp drop in the US market.

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3 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 K line closed with a bearish candle. The intraday opening rebounded, briefly breaking the previous high and upper band before closing back. The Bollinger Bands continue to run upwards, with short-term moving averages arranged upwards. The MACD fast and slow lines extend upwards, with the volume bars decreasing. The KDJ shows signs of being blocked near the 100 value. The VR indicator is consolidating around the 280 value. On the 4-hour chart, the market is oscillating at a high level, with the previous K line spiking and then retreating, forming an upper shadow. The Bollinger Bands are narrowing, and the short-term moving averages are forming short-term support above the middle band. The MACD fast and slow lines cross downwards, with volume bars decreasing. The KDJ crosses down again, and the VR indicator is consolidating around the 150 value. Overall, the market continues to maintain high-level oscillation. Every time a new high is broken, it should be treated with caution, as a sharp drop and washout could occur at any time. In the short term, maintain a bearish stance on rebounds, with short-term support to watch above 101800. Here are the short-term suggestions.

Bitcoin Short-term Suggestions: Sell at 105200 (Sell at 106600), Buy at 102500 (Activate strategy and manage profits yourself)

Ethereum Technical Analysis ————

Ethereum just experienced a rise that briefly broke the previous high before a slight drop. For the short term, the upper band resistance on the 4-hour chart serves as a reference. If it breaks through, then the resistance around 2700 should be considered. The technical correlation with Bitcoin is referenced, and the daily line correction has not been completed. The short-term outlook remains unchanged, so treat the rise with caution. Here are the short-term suggestions.

Ethereum Short-term Suggestions: Sell at 2605 (Sell at 2735), Buy at 2318 (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 share and profit together!

The publication of articles has a delay, 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 closely, and I believe it will be helpful to you.

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