Yueying: 9.14 Bitcoin and Ethereum market analysis today. After a strong surge, Ethereum is expected to see a period of consolidation and adjustment.

CN
9 hours ago

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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.

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Bitcoin Technical Analysis ————

Looking at Bitcoin's daily chart, the previous candle closed bullishly, breaking through the upper band and the 60-day moving average. The intraday opening price fluctuated around the upper band and the 60-day moving average. The Bollinger Bands are slightly opening, and the short-term moving averages are turning upwards. The MACD fast and slow lines are crossing upwards, with the volume bars continuously increasing, while the KDJ is facing resistance and turning downwards. The VR indicator is consolidating around 90. On the 4-hour chart, the price is fluctuating upwards close to the 7-day moving average, facing resistance at the upper band and retreating back to the 7-day moving average. The Bollinger Bands are moving upwards, showing signs of narrowing, with the volume bars decreasing. The KDJ is turning downwards and crossing again, while the VR indicator is consolidating around the 120 value. Overall, the weekend market is in a short-term consolidation phase. Although the daily chart has broken through the 60-day moving average, we need to see if it can stabilize. The 4-hour chart shows signs of volume-price divergence. For the intraday short-term view, we are looking at range fluctuations, with resistance at the previous high above and support around 114000 below. Here are the short-term suggestions.

Bitcoin Short-term Suggestion: Buy at 115000, Sell at 116400 (Activate strategy and manage profits yourself)

Ethereum Technical Analysis ————

Ethereum's increase last night was somewhat beyond expectations. The daily candlestick is fluctuating above the upper band, and the Bollinger Bands are flat without opening. On the 4-hour chart, the Bollinger Bands are opening, and the moving averages are in a bullish arrangement, indicating a continued strong trend in the short term. On Saturday, we will follow Bitcoin and first look at range fluctuations, with resistance at around 4800 above and support at around 4600 below. Here are the short-term suggestions.

Ethereum Short-term Suggestion: Buy at 4668, Sell at 4785 (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 to be borne by yourself! The market changes every day, and what I can do is use my years of practical experience to provide some slight help, guiding your investment decisions and management towards the right direction. Meeting is fate; I am a person who believes in fate. If you have any doubts in the cryptocurrency circle, you can follow Zhou Yueying more, and I believe it will be helpful to you.

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