Yueying: 6.24 Bitcoin and Ethereum market analysis today. The rise driven by news has signs of inducing buying; continue to be bearish.

CN
11 hours ago

In 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, 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 K-line shows a divergence, with a large bullish candle testing the mid-band. The market opened today and entered a correction phase, with the Bollinger Bands narrowing and flattening, and the short-term moving averages also showing a flat state. The MACD fast and slow lines show signs of turning, with the volume bars decreasing. The KDJ is crossing upwards, and the VR indicator is consolidating around the 90 value. On the 4-hour chart, the market has strongly surged but faced resistance at the upper band, with a bearish candle following consecutive bullish candles. Currently, the K-line has an upper shadow, 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 increasing. The KDJ is facing resistance near the 100 value and is turning downwards, while the VR indicator is consolidating around the 100 value. Overall, the market has been influenced by news, leading to a surge, but the technical aspect needs correction, and bullish momentum is weakening. For today, the short-term view is mainly focused on pullbacks, so let's look at short-term suggestions.

Bitcoin Short-term Suggestion: Short at 105500 (Short at 106500) (Activate strategy and manage profits yourself)

Ethereum Technical Analysis ————

Ethereum is testing a resistance zone and has shown a slight pullback. Such a divergence in the technical aspect will inevitably lead to a correction. The overall technical aspect is linked to Bitcoin for reference, and the short-term view is also focused on looking for short positions on rebounds, paying attention to resistance below 2500. Let's look at short-term suggestions.

Ethereum Short-term Suggestion: Short at 2458 (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!

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, and 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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