Yueying: Today's market analysis for 2.9 Bitcoin and Ethereum shows that the rebound has met expectations. The next resistance is 74,000.

CN
21 hours 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 ————

Looking at the daily chart of Bitcoin, after a halt in the downtrend and a rebound, the previous candle closed with a bearish adjustment. The market opened today testing the 7-day moving average, with signs of a contraction in the Bollinger Bands. The short-term moving averages are still arranged downwards, and the MACD fast and slow lines are extending downwards with signs of a turn. The volume bars are decreasing, and the KDJ is crossing upwards, while the VR indicator is consolidating around the 60 value.

On the 4-hour chart, the market continues to rebound, breaking through the middle track and running towards the upper track. The Bollinger Bands are flattening, and the short-term moving averages are turning upwards. The MACD fast and slow lines are crossing upwards, with increasing volume bars, and the KDJ is turning and crossing upwards again, while the VR indicator is consolidating around the 60 value.

Overall, the market trend aligns with the expectations mentioned above. After a final acceleration to the bottom, a decent rebound is welcomed. Yueying also emphasized a bullish outlook in the short term. The short-term is a rebound correction after continuous bottom testing; a real reversal still needs observation. The long-term trend remains bearish, so we need to wait for further breakthroughs in resistance. In the short term, treat it as a range. Pay attention to the resistance around 74000 above and the support around 69000 below for short-term suggestions.

Bitcoin Short-term Suggestion: Short at 73400, Long at 69700 (Activate strategy and manage profits on your own)

Ethereum Technical Analysis ————

The technical aspect of Ethereum is linked to Bitcoin for reference. Internally, short-term longs at 1923, 2000, and 2077 have all been realized. Short-term resistance is around 2250 below, and support is around 2040. See short-term suggestions.

Ethereum Short-term Suggestion: Short at 2230, Long at 2080 (Activate strategy and manage profits on your own)

—— 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 borne by yourself! 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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