Yueying: 8.28 Bitcoin Ethereum Today's Market Analysis Key Resistance Not Broken Rebound Is Not a Reversal

CN
6 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, after the previous candle closed with a bearish line, it rebounded upwards at the opening today and is currently testing around the 7-day moving average. The Bollinger Bands are in an opening state, with short-term moving averages trending downwards. The MACD fast and slow lines are extending downwards, showing signs of a turn, with the volume bars decreasing. The KDJ crossed upwards again, and the VR indicator is consolidating around the 70 value. On the 4-hour chart, the market has seen consecutive bullish candles testing the upper band and the 60-day moving average. The Bollinger Bands are narrowing and flattening, with short-term moving averages trending upwards. The MACD fast and slow lines are crossing upwards, with volume bars increasing. The KDJ is moving upwards again, paying attention to resistance near the 100 value, and the VR indicator is consolidating around the 50 value. Overall, the market is trending upwards in a volatile manner. The short-term focus is on the middle track of the daily chart and around the 60-day moving average. If the rebound cannot break through and stabilize, it will test downwards again; if it can, the bullish trend will continue upwards. Short-term resistance is below 116,000, and support is to be re-evaluated above 110,000. Looking at short-term suggestions.

Bitcoin Short-term Suggestion: Short at 114,800, Long at 111,000 (Activate strategy and manage profits on your own)

Ethereum Technical Analysis ————

The previous short position in Ethereum has again yielded over 100 dollars in space. The daily chart is supported around the middle track, while facing short-term pressure from the 7-day moving average above. In the short term, pay attention to resistance below 4,700; if it breaks, then focus on resistance below 4,800. Short-term support is around the previous low. Looking at short-term suggestions.

Ethereum Short-term Suggestion: Short at 4,658 (Short at 4,760), Long at 4,488 (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 share and profit together!

The publication of articles has a delay, and the market changes rapidly. The above suggestions are for reference only, and risks are to be borne by yourself! 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 closely, and I believe it will be helpful to you.

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