Yueying: 10.1 Bitcoin and Ethereum market analysis today. Is the National Day holiday starting a one-sided upward trend? Approach with caution.

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.

Happy National Day!!!

Here at Yueying, the strategy only includes precise points, with no ambiguous ranges or nearby areas. Friends who like Yueying can click to follow. Let's see today's sharing!

Bitcoin Technical Analysis ————

The short-term long position idea for Bitcoin mentioned earlier was accurate, moving out a space of over $3000. On the daily chart, the previous candlestick closed with a lower shadow above the middle band, and the market opened today continuing to test upwards. 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 turning red, and the KDJ extending upwards. The VR indicator is consolidating around the 115 value. On the 4-hour chart, the market received support around the EMA200 last night and is currently running upwards, having broken through the upper band. The Bollinger Bands are opening upwards, and the short-term moving averages are extending upwards. The MACD fast and slow lines are maintaining an upward trend, with the volume bars increasing again, and the KDJ crossing upwards. The VR indicator is consolidating around the 260 value. Overall, the market is temporarily strong, and there is still a rise that has not completed, so short positions should wait for resistance around the daily upper band, which is around 118000, also the neck line of the W pattern. The short-term support below to watch is around the 7-day moving average on the 4-hour chart, which is around 115000. Short-term trading should not blindly chase the rise, as we are about to test the key resistance area; see short-term suggestions.

Bitcoin Short-term Suggestion: Short at 118300, Long at 115200 (Activate strategy and take profits as you see fit)

Ethereum Technical Analysis ————

The long position for Ethereum mentioned earlier was also accurate, and the support levels and viewpoints provided are correct. The daily chart is currently testing the middle band and the 60-day moving average, facing resistance; we can temporarily focus on the breakout situation in this area. On the 4-hour chart, a large bullish candle has broken through the EMA200 and the upper band, but similarly, we should not chase the rise. It is more prudent to wait for a pullback to support before entering long positions. In the short term, pay attention to the support above around 4200, and the resistance below around 4400. See short-term suggestions.

Ethereum Short-term Suggestion: Short at 4378, Long at 4230 (Activate strategy and take profits as you see fit)

—— 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 exchange ideas 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 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 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, and I believe it will be helpful to you.

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