Yueying: October 21 Bitcoin and Ethereum Market Analysis - Is the Winter of the Crypto World Coming? A Reversal Still Needs to Wait

CN
10 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 three consecutive bullish candles have encountered resistance and have not continued, with the intraday opening testing downwards. The Bollinger Bands are slightly opening downwards, and the short-term moving averages are running downwards. The MACD fast and slow lines continue to extend downwards with decreasing volume, and the KDJ crossed and then encountered resistance and turned down. The VR indicator is consolidating around the 100 value. On the four-hour chart, the market is encountering resistance at the upper band, continuously declining and recovering from the previous upward trend. It is currently running below the middle band, with the Bollinger Bands in a slightly contracted state and the moving averages turning downwards. The MACD fast and slow lines are turning downwards near the 0 axis with decreasing volume, and the KDJ is extending downwards, paying attention to the support near the 10 value. The VR indicator is consolidating around the 150 value. Overall, the market is still in a weak oscillating adjustment, with the rebound not continuing and retesting support. The market after a significant drop needs more time to recover. When a rebound occurs, be sure to observe the breakthrough of resistance carefully and do not be misled by short-term rebounds. Pay attention to the support above 107,000; if it breaks, focus on the area above 105,000. For resistance above, pay attention to the area around 110,000, looking at short-term suggestions.

Bitcoin Short-term Suggestion: Short at 109,500, Long at 107,500 (Long at 105,800) (Activate strategy and manage profits yourself)

Ethereum Technical Analysis ————

The technical trend of Ethereum is linked to Bitcoin for reference. On the daily chart, it has once again fallen below the seven-day moving average, with the Bollinger Bands opening downwards, overall in a weak oscillating structure. Pay attention to the resistance around 4,000 above, and the support around the previous low below in the short term. If it breaks, focus on the area above 3,700, looking at short-term suggestions.

Ethereum Short-term Suggestion: Short at 3,988, Long at 3,858 (Long at 3,765) (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; 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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