Yueying: 10.16 Bitcoin and Ethereum Market Analysis Today - Weak Structure, Beware of Another Spike行情

CN
7 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 ————

In the previous analysis, Bitcoin's short-term long position achieved around $1500 in space. On the daily chart, the previous candle was blocked around the 7-day moving average and closed with a bearish candle. The market opened with a slight rebound and then oscillated downward. The Bollinger Bands are flattening, and the short-term moving averages are trending downward. The MACD fast and slow lines crossed downward, breaking below the 0 axis, with the volume bars increasing, and the KDJ is running downward again. The VR indicator is consolidating around the 90 value. On the 4-hour chart, the market is blocked at the middle track, oscillating downward to test the lower track. The Bollinger Bands are in a flat state with a slight opening, and the short-term moving averages are trending downward. The MACD fast and slow lines are in a flat state with slightly increasing volume bars, and the KDJ is running downward again. The VR indicator is consolidating around the 110 value. Overall, the market continues to be in a weak range oscillation, with a bearish outlook in the short term. The upper resistance to watch is around the 4-hour middle track, and the lower support to watch is around 108000. Here are the short-term suggestions.

Bitcoin Short-term Suggestions: Short at 112300, Long at 108000 (Activate the strategy and take profits as you see fit)

Ethereum Technical Analysis ————

In the previous analysis, Ethereum's long position at 4018 saw a rebound near 4016 of about $100 before falling again. The technical aspect continues to correlate with Bitcoin for reference. The short-term support to watch is around the previous low, and if it breaks, watch around 3800. The upper resistance to watch is around 4100. Here are the short-term suggestions.

Ethereum Short-term Suggestions: Short at 4088, Long at 3938 (Long at 3830) (Activate the 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 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, and what I can do is use my years of practical experience to provide some slight help, guiding your investment decisions and management in the right direction. 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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