Yueying: 9.24 Bitcoin and Ethereum market analysis today. Bitcoin breaks previous low. Is Ethereum's defense of 4K real support or an illusion?

CN
4 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 candle closed as a bearish candle, and the market opened lower today, briefly breaking the previous low but closing back above it. Currently, it continues to oscillate below 113, with the Bollinger Bands slightly narrowing and flattening, while the short-term moving averages are turning down. The MACD fast and slow lines are crossing downwards, with increasing volume, and the KDJ shows signs of extending downwards. The VR indicator is consolidating around the 120 value. On the 4-hour chart, the previous candle formed a bullish pin bar, returning to the previous oscillation area. The Bollinger Bands are running downwards, showing signs of narrowing, and the moving averages are also trending down. The MACD fast and slow lines are turning upwards and converging, with the volume turning red and slightly increasing. The KDJ is crossing upwards, and the VR indicator is consolidating around the 30 value. Overall, the market continues to oscillate at a low level, and whether we can see a decent rebound depends on the breakthrough of the previous minor resistance around 113,000. If it breaks through, we need to pay attention to the resistance below 115,000. Although it briefly broke below 111,000, it has temporarily held above it, so we will use this as a short-term support reference. Let's look at the short-term suggestions for today.

Bitcoin Short-term Suggestion: Short at 113,200 (Short at 114,500), Long at 111,800 (Activate strategy and take profits as needed)

Ethereum Technical Analysis ————

Ethereum's recent technical movements are highly correlated with Bitcoin, so they can be referenced simultaneously. However, while Bitcoin briefly broke the previous low, Ethereum did not break 4,000. The main force has temporarily supported the price above 4,000, but whether this support is genuine or a deliberately created illusion still needs to be observed based on the strength of the rebound. In the short term, continue to pay attention to the resistance below 4,250, and then around 4,300. For support, watch around 4,100, and let's look at the short-term suggestions.

Ethereum Short-term Suggestion: Long at 4,138, Short at 4,215 (Short at 4,288) (Activate strategy and take profits as needed)

—— 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 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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