Yueying: 5.20 Bitcoin Ethereum Today's Market Analysis Can the double needle on the daily chart of Ethereum bring joy to E-Warriors?

CN
8 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 candlestick closed as a hammer, with a slight rebound at the opening today testing downwards. The Bollinger Bands continue to run upwards, with short-term moving averages arranged upwards. The MACD fast and slow lines show signs of turning down, the volume bars are increasing again, and the KDJ is running downwards. The VR indicator is consolidating around the 140 value. On the 4-hour chart, the market faced resistance at the upper band after consecutive bullish candles and is now adjusting downwards. The Bollinger Bands are slightly opening, with short-term moving averages running around the middle band. The MACD fast and slow lines have turned again above the 0 axis, with volume bars decreasing, and the KDJ is flattening out. The VR indicator is consolidating around the 100 value. Overall, the market is adjusting with high volatility, and the support around 102000 has not been broken temporarily. Consider entering based on previous highs and the false break of previous highs. Looking at short-term suggestions.

Bitcoin Short-term Suggestion: Short at 106500 (Short at 108300), Long at 102800 (Activate strategy and manage profits yourself)

Ethereum Technical Analysis ————

Ethereum is weaker than Bitcoin, with the rebound not breaking 2600. In the short term, consider 2600 as resistance, followed by the previous high around 2700. Since the rebound has stood above 2400, use 2400 as support. Overall, the technical analysis is linked to Bitcoin for reference. Looking at short-term suggestions.

Ethereum Short-term Suggestion: Short at 2605 (Short at 2708), Long at 2450 (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!

There may be delays in article publication review, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by yourself! The market changes every day; what I can do is use my years of practical experience to provide some slight help, 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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