Yueying: 10.31 Bitcoin and Ethereum Market Analysis Today Re-examining Key Support Can the Large Box Structure Change?

CN
13 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 areas. 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 and tested the bottom, it rebounded. The intraday opening is testing upwards above the EMA200. The Bollinger Bands are in a flat state, and the short-term moving averages are turning down. The MACD fast and slow lines have turned down and are flattening, with a decrease in volume. The KDJ shows signs of crossing down, and the VR indicator is consolidating around the 60 value. On the 4-hour chart, after breaking the lower track, the market rebounded with consecutive bullish candles, breaking through the 7-day moving average to test the middle track. The Bollinger Bands are running downwards, showing signs of narrowing, and the short-term moving averages are running down. The MACD fast and slow lines are extending downwards, showing signs of turning. The volume is decreasing, and the KDJ is crossing upwards, with the VR indicator consolidating around the 70 value. Overall, the structure remains unchanged, still in a large range of fluctuations. As mentioned before, it is expected that the market will maintain this structure for a while. For now, continue to treat it as a large range, and look for small resistance support to intervene in the short term. Short-term support is focused on the area above 107000. If it breaks, then look for support around 106000, extending to 104000. The resistance above is focused on the area around 112000, followed by the area around 114000. Looking at short-term suggestions.

Bitcoin Short-term Suggestions: Short at 111500 (Short at 113300), Long at 107800 (Long at 104500) (Activate the strategy and take profits as you see fit)

Ethereum Technical Analysis ————

Ethereum is testing the support around 3700 again and rebounding. Continue to pay attention to this support in the short term. If it breaks, then focus on the support above 3530. Resistance is referenced around 4000 both below and above, specifically looking at short-term suggestions. The overall technical aspect is linked to Bitcoin for reference. There may not be an article update on Saturday; as long as the strategy does not deviate too far, it can be used. Looking at short-term suggestions.

Ethereum Short-term Suggestions: Short at 3958 (Short at 4020), Long at 3730 (Long at 3588) (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 exchange ideas and profit together!

There may be delays in article publication and review; the market changes rapidly. The above suggestions are for reference only, and risks are borne by you! 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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