Yueying: 11.10 Bitcoin Ethereum Today's Market Analysis Box Breakout Bullish Reversal? It's too early to say.

CN
3 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 ————

Looking at the daily chart of Bitcoin, it has broken through the low-level box with the previous candle closing as a bullish line. The market opened today and continued to test the narrowing Bollinger Bands. The short-term moving averages are turning upwards, the MACD fast and slow lines are turning upwards with decreasing volume, and the KDJ is crossing upwards while the VR indicator is consolidating around the 60 value. On the four-hour chart, the market has broken through the upper band and the 60-day moving average, currently operating above the upper band. The Bollinger Bands are opening up, and the short-term moving averages are turning upwards. The MACD fast and slow lines are extending upwards, breaking through the zero axis with increasing volume, and the KDJ is extending upwards again, noting the resistance near the 100 value, while the VR indicator is consolidating around the 90 value. Overall, the market shows signs of continuing upwards after breaking through the previous box. The short-term resistance to watch is around the daily mid-line and EMA200, while the support below is around 105000, followed by 104000. Whether the market can continue to test upwards needs to pay attention to the support below. Currently, although the bulls are relatively strong, caution is still needed. Watch for short-term suggestions.

Bitcoin Short-term Suggestion: Short at 107700, Long at 105200 (Long at 104500) (Activate strategy and take profits as needed)

Ethereum Technical Analysis ————

Ethereum has continued to test upwards after breaking the resistance at 3500, facing slight resistance around 3650 before a small pullback. Overall, the technical aspect can be linked to Bitcoin for reference, but Ethereum's market is slightly weaker. In the short term, focus on the resistance around 3650; if it breaks through, then pay attention to the resistance around 3800. The support below is around 3500, followed by 3400 above. Watch for short-term suggestions.

Ethereum Short-term Suggestion: Short at 3660 (Short at 3750), Long at 3545 (Long at 3480) (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 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 borne by the individual! 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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