Yueying: 11.6 Bitcoin Ethereum Today's Market Analysis Daily Double Needle Can the Bulls Make a Strong Comeback?

CN
4 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 ————

Bitcoin previously shorted at 104500, yielding around 1800 dollars in space. The daily chart shows the previous candlestick with a double bottom pattern, closing with a bullish rebound above the lower band. Today, the market opened and retested the lower band area. The Bollinger Bands are in an opening state, with short-term moving averages trending downwards. The MACD fast and slow lines are extending downwards, with the volume bars continuing to increase. The KDJ is supported and turning upwards, while the VR indicator is consolidating around the 60 value. On the four-hour chart, after breaking through the 7-day moving average, the price faced resistance around the middle band. It is currently retesting the 7-day moving average area. The Bollinger Bands are trending downwards, showing signs of narrowing. The short-term moving averages are turning upwards, the MACD fast and slow lines are crossing upwards, and the volume bars continue to increase. The KDJ is facing resistance around the 100 value and is turning downwards, while the VR indicator is consolidating around the 100 value. Overall, the market has stopped falling and rebounded, but the pressure above still exists. A complete reversal will require some time, so treat it as a short-term range today. The upper resistance to watch is around 105000, while support continues to focus above 100000. See short-term suggestions.

Bitcoin Short-term Suggestion: Short at 104200, Long at 100800 (Activate strategy and take profits as you see fit)

Ethereum Technical Analysis ————

Ethereum faced resistance and retreated around 3480. The overall technical aspect is linked to Bitcoin for reference. The short-term resistance today is around 3500, while support is around 3200. For short-term trading, consider high selling and low buying within this range. See short-term suggestions.

Ethereum Short-term Suggestion: Short at 3450, Long at 3260 (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!

The publication of articles has a delay, and 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 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 closely, and I believe it will be helpful to you.

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