Yueying: 7.16 Bitcoin Ethereum Today's Market Analysis, Is the Fluctuating Uptrend Pattern Changing? Includes Short-term 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 is no shortcut 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 my insights and ideas based on my technical analysis.

Here at Yueying, the strategy only includes precise points, with no ambiguous ranges or proximities; friends who like Yueying can follow me. Let's see today's sharing!

Technical Analysis of Bitcoin————

The daily BTC chart shows a cross bearish line after breaking a new high, followed by a slight pullback. The market continues to oscillate downwards, testing the 7-day average. The Bollinger Bands slightly curve upward, with short-term averages aligned parallel; the MACD fast and slow lines are moving upward with volume bars decreasing; the KDJ turns to cross downward, paying attention to the resistance near the 50 level, and the VR index is consolidating around the 110 value. The four-hour chart shows a continuous bearish trend, currently operating at the middle track around 64000; the Bollinger Bands slightly narrow, with short-term averages trending downward. The MACD fast and slow lines curve downward with volume continuing to decrease; the KDJ crosses downward, paying attention to support near the 0 level, and the VR value is consolidating around the 90 value. Overall, the market’s fluctuation fits expectations; a short-term pullback after a new high is normal. Short-term resistance remains at the upper track of the daily chart and the 60-day average, with support around 63000; as long as the pullback does not break short-term support, we can continue to look upward, considering short-term support and resistance for entry. Look for short-term advice;

Short-term advice for Bitcoin: Buy at 63500, sell at 65500 (profit from activated strategies should be managed by yourself)

Technical Analysis of ETH————

The previous sell order for ETH at 1938 provided a space of about 70 dollars. The overall trend is stronger and more resistant to declines; after breaking the recent high, it slightly pulls back following Bitcoin. In the short term, the market requires a pullback adjustment; the technical outlook of the daily and four-hour chart links back to Bitcoin for reference; the short-term resistance is focused on the previous high, with support referenced above 1800. The strategy can continue to apply; look for short-term advice.

Short-term advice for ETH: Buy at 1820, sell at 1938 (profit from activated strategies should be managed by yourself)

——I am Zhou Yueying, a teacher focused on technical analysis. Any friends with questions about operations or trends can communicate and learn with me! Exchange ideas together, profit together!

There may be delays in article publishing and review; the market changes rapidly, and the above suggestions are for reference only, with risks borne by users themselves! Each day brings countless market changes. What I can do is use my years of practical experience to provide slight assistance, helping everyone’s investment decisions and management stay on 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 pay more attention to Zhou Yueying; I believe it will help you.


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