Yueying: 7.17 Bitcoin Ethereum today's market analysis false breakout to lure more? Just wait for support.

CN
1 hour 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 you are, the more effort you put in; the more self-disciplined you are, the more excellent you become. I am Zhou Yueying, focusing on mainstream cryptocurrency trend analysis, providing insights based on my own technical understanding of the market.

Yueying's strategy only includes precise levels, without ambiguous ranges or nearby values. Friends who like Yueying can follow me. Now, let’s look at today’s share!

Technical Analysis of Bitcoin————

On the daily chart, Bitcoin fell back to the middle track area again after a bearish close of the previous candle, continuing the downward trend after the market opened today. The Bollinger Bands slightly contracted, and the short-term moving averages are running downward. The MACD fast and slow lines are turning downward with decreasing volume bars, and the KDJ is extending downward, paying attention to the support near the 0 value. The VR indicator is consolidating around the value of 110. On the four-hour chart, the market is in consecutive bearish declines with no rebounds, currently operating above the lower track at about 62500. The Bollinger Bands are narrowing upwards, the short-term moving averages are crossing downwards, the MACD fast and slow lines are extending downward with increasing green volume bars, and the KDJ slightly turns upward after breaking below 0. The VR indicator is consolidating around the value of 90. Overall, a strong bullish candle created a false breakout, and the current market is retreating again. It depends on whether the key support in the short term can hold up. There's no need for excessive interpretation of the market for the moment; just follow the daily fluctuations and reference the short-term support around 61500. If it breaks this level, do not participate; just look for support to go long, following the short-term suggestions.

Short-term suggestion for Bitcoin: Go long at 62000 (Strategy activated, profit is self-managed)

Technical Analysis of Ethereum————

Ethereum's market follows Bitcoin's continuous bearish trend with no signals of a stop in decline in the short term. Today is Friday, so more observation is needed. The technical trend on the daily and four-hour charts is synchronized with Bitcoin, so reference it accordingly. The short-term resistance above is around 1900, and support is near the mid-track area of the daily chart. Look for short-term suggestions.

Short-term suggestion for Ethereum: Go long at 1780 (Strategy activated, profit is self-managed)

——I am Zhou Yueying, a teacher specializing in technical analysis. Anyone with questions about operations or trends can communicate with me for learning! Let's exchange ideas and profit together!

The release and review of articles have some delays, and market conditions change rapidly; the above suggestions are for reference only and are at your own risk! The market changes every day; what I can do is use my years of practical experience to provide some slight assistance, helping your investment decisions and management go in the right direction. Meeting is destined; I am a person who believes in fate. If you have any doubts in the cryptocurrency world, feel free to pay more attention to Zhou Yueying. I believe it will be helpful to you.


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