Within a person's self-discipline lies 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 you are, the more effort you put in; the more self-disciplined you are, the more excellent you become. I am Zhou Yueying, focused on the trend analysis of mainstream coins, providing insights based on my technical analysis of the market.

The strategy here at Yueying consists only of precise points, without ambiguities or nearby ranges. Friends who like Yueying can click and follow. Let’s look at today’s sharing!

Bitcoin Technical Analysis————

The daily Bitcoin chart shows a previous candle that peaked and then dropped, leading to continuous daily declines after opening. The Bollinger Bands show signs of contraction and the short-term moving averages are flattening and turning, with the MACD fast and slow lines turning downward and volume decreasing continuously. The KDJ crossed and has extended downward, and the VR indicator is consolidating around the 110 value. The four-hour chart shows three consecutive daily declines, currently finding support at the 60-day moving average and the lower band; the Bollinger Bands are flattening with signs of a downward opening, the short-term moving averages are turning downward, the MACD fast and slow lines are extending downwards and the volume is increasing continuously. The KDJ is downward but finds support near the 0 value and turns upward, while the VR indicator is consolidating near the 70 value. Overall, the price faced resistance at the peak and did not break and stabilize around 76000. The likelihood of retesting the 70000-69000 level has increased, with an interest rate decision expected early Thursday, which may lead to a washout. Therefore, the short-term trend remains primarily oscillatory. Although it broke out of the previous range, it did not maintain strong momentum. If favorable news arises, it could test resistance again. Short-term resistance is expected around the 74000 area, while support is expected above the 69000 area; see short-term recommendations.

Bitcoin Short-Term Recommendations: Short at 73300, Long at 69800 (activate the strategy and manage profits yourself)

Ethereum Classic Technical Analysis————

Ethereum Classic was blocked at around 2400 and retraced; the technical movement is consistent with Bitcoin. The daily chart shows a previous candle closing with a high position bearish candle. After a slight rebound at the opening, it plunged, breaking below 2200 again. The short-term resistance above is expected around 2300; if the rebound does not break, it will continue to look for a retracement. Support below is expected around 2050; see short-term recommendations.

Ethereum Classic Short-Term Recommendations: Long at 2070, Short at 2285 (activate the strategy and manage profits yourself）

——I am Zhou Yueying, a teacher focused on technical analysis. Anyone who has questions about operations or trends can communicate and learn together with me! Let’s exchange ideas and profit together!

The publication and review of articles may be delayed; the market is changing rapidly. The above suggestions are for reference only, and risks are to be borne by the individual! The market changes every day; what I can do is to use my years of practical experience to provide some slight assistance, ensuring that your investment decisions and management are on the right course. Meeting is a fate; I believe in destiny. If you have any doubts in the cryptocurrency world, please follow Zhou Yueying more; I believe it will be helpful to you.

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