Yueying: Analysis of the Market Trends for Bitcoin and Ethereum on May 28 – Is there a massive drop if it breaks below 75,000? Be wary of a reversal after extreme weakness.

CN
2 hours ago

In a person's self-discipline lies infinite possibilities; the degree of your self-discipline determines the height of your life.

There is no shortcut in life, but every step you take counts.

The more diligent, the more effort; the more disciplined, the more excellent. I am Zhou Yueying, focused on the trend analysis of mainstream coins, providing insights based on my own technical analysis.

Here at Yueying, the strategy has only precise points, without ambiguous ranges or nearby levels. Friends who like Yueying can click to follow. Let's see today's sharing!

Technical analysis of Bitcoin————

The daily chart of Bitcoin shows continuous downward bars breaking below the 60-day moving average, with today's opening accelerating downward to test the support of the lower bound. The Bollinger Bands are opening downward, and the short-term moving averages are moving downwards. The MACD fast and slow lines are moving downwards with increasing volume, and the KDJ crosses downward, paying attention to the support around the 0 value. The VR indicator is consolidating around the 110 value. On the four-hour chart, the market dipped with five consecutive downward bars breaking the lower bound. The K-line deviating from the indicator slightly rebounded after breaking below 73000. The Bollinger Bands' horn is opening, the short-term moving averages are moving downwards, the MACD fast and slow lines are extending downwards with volume continuing to increase, and the KDJ receives support at the 0 value and turns upward. The VR indicator is consolidating around the 60 value. Overall, the market has been declining with continuous downward bars, breaking below the 60-day moving average and the key support at 75000. There are signs of another downward trend in the weekly chart, with the next stage's key support moving down to the 70000-69000 range. For the short term, the support around 71800 is suggested for entry; the resistance can be focused on the bottom-top transition near 75000.

Short-term advice for Bitcoin: Buy at 72800, sell at 74250 (activate strategy and take profits as needed)

Technical analysis of Ethereum——

Ethereum is weakly moving downward, breaking below 2000. On the four-hour chart, the K-line is deviating from the indicator and has slightly rebounded. Although the weak trend makes it unsuitable to hold a bearish view, the overall technical analysis should refer to Bitcoin. Short-term resistance is around 2100, and support is around 1930. Short-term advice;

Short-term advice for Ethereum: Sell at 2078, buy at 1960(activate strategy and take profits as needed)

——I am Zhou Yueying, a teacher focused on technical analysis. Anyone who has questions about operations or trends can communicate and learn alongside me! Let's share and profit together!

The release of the article will have a delay in review; the market changes rapidly, and the above advice is for reference only, with risks borne by yourself! The market fluctuates every day, and all I can do is use my years of practical experience to provide some slight assistance, helping everyone’s investment decisions and management to align with the right course. Meeting is fate, and I am a person who believes in fate. If you have any confusion in the crypto world, feel free to follow Zhou Yueying; I believe it will be of help to you.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink