Yueying: Today's market analysis for 12.3 Bitcoin and Ethereum - beware of another plunge if key resistance is not broken.

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1 hour ago

In a person's self-discipline lies 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 ————

The market has welcomed a relatively strong V-shaped reversal recently. The daily chart of Bitcoin shows that the previous candle closed as a solid bullish candle, recovering the previous day's decline, and has re-established itself above 90,000. The market opened today continuing the upward trend, testing around 94,000. The Bollinger Bands are in a contracted state, with short-term moving averages operating around the middle band. The MACD fast and slow lines are extending upwards, with the volume bars increasing again. The KDJ has crossed upwards again, noting resistance near the 100 level, while the VR indicator is consolidating around the 50 level. On the four-hour chart, the market has seen consecutive bullish candles breaking through previous highs and is currently testing the upper band. The Bollinger Bands are slightly opening, with short-term moving averages turning upwards. The MACD fast and slow lines have crossed upwards, breaking through the zero axis with volume bars continuing to increase. The KDJ shows signs of turning near the 100 level, and the VR indicator is consolidating around the 160 level. Overall, this rebound after the recent decline is a relatively decisive movement, with little consolidation at low levels, also influenced by news. However, it is important not to chase high positions excessively; attention should be paid to the resistance around the four-hour EMA200. Short-term support should be focused on the daily middle band; if broken, it will lead to a roller coaster market again. Here are the short-term suggestions.

Bitcoin Short-term Suggestion: Buy at 91,800, Sell at 95,200 (Activate strategy and manage profits yourself)

Ethereum Technical Analysis ————

Ethereum's daily chart shows a strong bullish breakout of the middle band, but it has not yet broken through the previous high. The four-hour K-line has seen a large bullish stretch followed by an upward consolidation. The Bollinger Bands are slightly opening, and the overall technical situation is consistent with Bitcoin, which can be referenced together. Support is noted around 2,980, and resistance is also noted below the four-hour EMA200. Here are the short-term suggestions.

Ethereum Short-term Suggestion: Buy at 3,005, Sell at 3,158 (Activate strategy and manage profits yourself)

—— 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 market conditions change rapidly. The above suggestions are for reference only, and risks are to be borne by yourself! The market changes daily, 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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