Yueying: 9.28 Bitcoin Ethereum Today's Market Analysis Narrow Range Pattern About to Break Will the Bulls Be Able to Go Against the Trend?

CN
10 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 ————

The weekend market entered a narrow range of fluctuations, with Bitcoin currently having a space of only a few hundred dollars. The short-term strategy mentioned above was accurate, but the space is limited. On the daily chart, the previous candlestick formed a hammer candlestick, and the market opened with slight downward fluctuations today. The Bollinger Bands are slightly opening, and the short-term moving averages are trending downwards. The MACD fast and slow lines are extending downwards, with the volume bars continuously increasing, and KDJ shows signs of turning near the 0 value. The VR indicator is consolidating around the 100 value. On the 4-hour chart, the market continues to operate below the middle track, with the candlesticks forming a straight line. The Bollinger Bands are in a contracted state, and the short-term moving averages are flattening with the candlesticks. The MACD fast and slow lines are crossing upwards, with the volume bars decreasing, and KDJ is turning downwards again, while the VR indicator is consolidating around the 70 value. Overall, the narrow fluctuations over the weekend also indicate that the bulls and bears are in a stalemate, and the fluctuation range is about to change. Currently, the market continues to lean towards a weak trend, with resistance first focusing on the 111,000 range, followed by the area below 111,000. Support should focus on the area above the previous low; if it breaks, then pay attention to the area above 105,000. A breakout and change in trend are imminent, so manage risk well for short-term trades.

Bitcoin Short-term Suggestion: Short at 109800 (Short at 110700), Long at 108800 (Long at 10580) (Activate strategy and take profits as needed)

Ethereum Technical Analysis ————

Ethereum is also entering a narrow range of fluctuations following Bitcoin, with the previous short position being accurate, but similarly, the space is limited. The daily and 4-hour technical trends are similar to Bitcoin, so refer to them synchronously. A short-term trend change is imminent, with resistance first focusing on the area below 4080, followed by the area around 4180. Support should focus on the previous low area, and also be cautious of a false break below 3800. Look at the short-term suggestions.

Ethereum Short-term Suggestion: Short at 4040 (Short at 4155), Long at 3885 (Long at 3780) (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 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 help, guiding your investment decisions and management towards the right direction. Meeting is fate; I am a person who believes in fate. If you have any doubts in the cryptocurrency circle, you can follow Zhou Yueying more, and I believe it will be helpful to you.

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