Yueying: 6.7-8 Bitcoin and Ethereum today's market analysis, double-bottom probing, is the bearish trend ending? Includes the latest trend strategy.

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 are no shortcuts in life, but every step you take counts.

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

Here at Yueying, the strategy only has 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 ————

In the daily analysis of Bitcoin, after the previous candle again falsely broke 60,000 and closed with a needle rebound, the intraday opening continued to fluctuate upward above the lower track. The Bollinger Bands are opening with short-term averages trending down, MACD fast and slow lines moving downward with shrinking volume bars, and the KDJ turning upwards while paying attention to resistance near the 50 level. The VR indicator is consolidating around the 30 level. In the four-hour view, the market is supported by the 7-day average, with consecutive bullish candles stretching and breaking out. Currently, it is running above the mid-track testing a small resistance around 63,000. The Bollinger Bands are parallel and narrowing with short-term averages slightly rising. The MACD fast and slow lines are running upward with continuously growing red volume bars, while the KDJ extends upward, closely watching resistance near the 100 level. The VR indicator is consolidating around the 70 level. Overall, after the market hunted down the bulls with consecutive bearish candles, it welcomed a needle-like rebound. Whether it can stabilize completely remains to be observed. The resistance at the 65,000 level above cannot be broken and stabilized; there will not be a significant rebound for now, but there is also a probability of probing for a new low with a downward spike. In the short term, observe the adjustment situation in the range of 61-65. If it breaks below 60,800 again, continue to observe longs and note the resistance below 65,000 above. Short-term suggestions will be reviewed.

Short-term suggestion for Bitcoin: Buy at 61,200, Sell at 64,300 (Activate strategy to manage profits independently)

Technical Analysis of Ethereum Classic —

In the four-hour view of Ethereum Classic, the market found support around the 7-day average and rose with consecutive bullish candles. It is currently testing a small resistance near the mid-track. If it breaks through, it can be seen as a continuation. Overall technical movement should refer to Bitcoin's trends. The short-term resistance above is around 1780, and the support below is around 1550, looking at short-term suggestions;

Short-term suggestion for Ethereum Classic: Buy at 1,580, Sell at 1,738 (Activate strategy to manage profits independently)

——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any operational or trend-related questions can exchange and learn with me! Let's share and profit together!

The publication of the article has a time lag for review; the market changes rapidly. The above suggestions are for reference only, and risk is to be borne by yourself! The market changes thousands of times daily. All I can do is use my years of practical experience to provide some slight help, guiding everyone’s investment decisions and business management toward a correct course. Meeting is destiny; I am a person who believes in fate, if you have any doubts in the cryptocurrency circle, feel free to follow Zhou Yueying more, I believe it will help you.


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