Yueying: May 16 Bitcoin Ethereum Today's Market Analysis Black Friday? Plummeting Washout?

CN
13 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 closed with a lower wick, retesting the 7-day moving average area. The market opened today maintaining a range around the 7-day moving average, with the Bollinger Bands moving upwards and the short-term moving averages continuing to rise. The MACD fast and slow lines show signs of turning down, with volume decreasing, and the KDJ crossing downwards. The VR indicator is consolidating around the 220 value. On the 4-hour chart, the market is oscillating within the Bollinger Bands. Yesterday, the market tested the lower band and rebounded; currently, it is facing resistance at the upper band. The Bollinger Bands are flattening, with short-term moving averages operating around the middle band. The MACD shows signs of turning above the 0 axis, with decreasing volume, and the KDJ is moving upwards, noting resistance near the 100 value. The VR indicator is consolidating around the 70 value. Overall, in the short term, continue to reference the previous high resistance, with a primary focus on short positions for rebounds. The key support below is around 100,000; if it breaks down, it will accelerate downward testing. Looking at short-term suggestions.

Bitcoin Short-term Suggestion: Short at 104300 (Short at 105200) (Activate strategy and manage profits on your own)

Ethereum Technical Analysis ————

Ethereum's rebound strength is weaker than Bitcoin's, so be cautious of a catch-up move in the short term. Additionally, the 4-hour candlestick has a probability of forming a right shoulder. Considering this, the resistance above is around 2700. The short-term strategy remains unchanged, focusing on short positions for rebounds, with key support below at around 2400. Looking at short-term suggestions.

Ethereum Short-term Suggestion: Short at 2658 (Short at 2758) (Activate strategy and manage profits on your own)

—— 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!

There may be delays in article publication review, and the market changes rapidly. The above suggestions are for reference only, and risks are to be borne by yourself! The market changes daily; 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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