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Yueying: May 24 Bitcoin Ethereum today's market analysis continues to decline, can it be a bottom buying opportunity? Weekend brief comment.

CN
财经达人周悦盈
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16 minutes ago
AI summarizes in 5 seconds.

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 currencies, providing insights based on my own technical analysis of the market.

Yueying’s strategy only includes precise points, with no ambiguous ranges or nearby options. Friends who like Yueying can click to follow. Let’s see today’s sharing!

Technical Analysis of Bitcoin————

On the daily chart for Bitcoin, the previous K-line closes with a bullish trend, slightly breaking the lower track and the 60-day moving average, rebounding. Throughout the day, it continues to test the 7-day moving average. The Bollinger Bands are opening downward, the short-term moving averages are also downward, the MACD fast and slow lines extend downward, breaking the 0-axis with diminishing volume, and the KDJ crosses upward, noting resistance near the 50 value, with the VR indicator consolidating around the 110 value. On the four-hour chart, after the market washed out and slightly broke the 75000 level, it stretched upward with continuous bullish candles, breaking through the middle track, currently operating above the middle track. The Bollinger Bands are contracting and parallel, the short-term moving averages are upward, the MACD fast and slow lines cross and run upwards, with increasing red volume, KDJ extends upward, noting resistance near the 100 value, the VR indicator is consolidating around the 150 value. Overall, because of news impact, there was continuous decline during the weekend, and it is currently testing resistance around the 7-day moving average. Although there has been a slight rebound in this weak trend, unless the resistance above is broken and stabilized, it will be difficult to reverse. For short-term resistance, watch for a breakthrough around 78000 for upward continuation, and for support, watch around 75000 for short-term suggestions;

Bitcoin Short-term Suggestion: 75700 long (activate strategy if there is profit to grasp on your own)

Technical Analysis of Ethereum——

On the four-hour chart for Ethereum, the K-line continues to stretch upward, currently showing narrow fluctuations above the middle track.The overall trend connects with Bitcoin; the short-term resistance above is around 2200, and support is around 2000; see short-term suggestions;

Ethereum Short-term Suggestion: 2060 long(activate strategy if there is profit to grasp 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 together with me! Exchange and profit together!

There is a certain delay in the publication review of articles; market conditions change rapidly, and the above suggestions are for reference only at your own risk! The market changes daily, and what I can do is use my years of practical experience to provide some slight help, guiding your investment decisions and management onto the right course. Meeting is a fate; I am a person who believes in fate. If you have any doubts in the cryptocurrency world, you can follow Zhou Yueying more closely, and I believe it will help you.


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Selected Articles by 财经达人周悦盈

2 days ago
Yueying: May 21-22 Bitcoin Ethereum Today's Market Analysis 76000 Support Valid Look Upward Attached Latest Strategy
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Yueying: May 19 Bitcoin Ethereum today's market analysis continuous decline stubbornness of the bulls latest strategy attached
6 days ago
Yuying: May 17-18 Bitcoin Ethereum Today's Market Analysis, Can the Bulls Counterattack After Breaking the Middle Track? Attached Current Price Strategy
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