Yueying: August 28 Bitcoin Ethereum Today's Market Analysis Virtual Breakthrough Previous High Continues High Level Horizontal Jumping Risk Increased?

CN
4 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 outstanding. I am Zhou Yueying, focused on the trend analysis of mainstream coins, providing insights based on my technical understanding of the market.

Yueying's strategies are only precise points, without ambiguous ranges or nearby levels. Friends who like Yueying can click to follow. Let's see today's sharing!

Bitcoin Technical Analysis ————

On the daily line, Bitcoin rebounded after finding support around the 7 moving averages, and after opening today, the market continued to break new highs before pulling back. The Bollinger Bands are opening upwards, short-term moving averages are moving upwards, MACD's fast and slow lines are extending upwards with decreasing volume, and KDJ is turning down, paying attention to resistance near the 100 value, while the VR index is consolidating around the 210 value. In the four-hour view, the market reached resistance around 81500 and retracted, currently oscillating narrowly above the middle track. The Bollinger Bands are flattening and the short-term moving averages are in parallel; MACD's fast and slow lines are moving downwards with increasing green volume, KDJ is crossing downwards, noting support near the 50 value, and the VR index is consolidating around the 130 value. Overall, after the market hits new highs again and pulls back, it continues to test the 81000 area. If it cannot stabilize for a long time, the probability of a subsequent crash and washout will increase. The resistance above continues to focus on the previous high and around 83000. Although it shows a strong tendency, it is also not suitable to chase highs; wait for a retracement to enter at short-term support. Treat any breakout situation cautiously; do not participate blindly in a temporary high structure, with the short-term support reference at around 77800 for short-term suggestions;

Bitcoin Short-term Suggestion: Long at 78300. (Management of activated strategies with profits is up to you)

Ethereum Technical Analysis ————

Ethereum's trend links to Bitcoin's reference, currently marginally breaking previous highs while continuing to maintain high-level oscillations. Such high-level sideways movement also carries the risk of a washout. Continue to pay attention to the support around 2400 in the short term; if broken, there may be accelerated testing of around 2300 or even lower movements. There is no need to estimate for now but to reasonably plan participation in the short term. Looking at short-term suggestions;

Ethereum Short-term Suggestion: Long at 2430. (Management of activated strategies with profits is up to you)

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

The publication of articles has a delay; the market changes rapidly. The above suggestions are for reference only, and risks are borne by you! 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 towards the right course. Meeting is a connection; I am someone who believes in fate. If you have any doubts in the cryptocurrency circle, you can follow Zhou Yueying more; I believe it will be helpful to you.


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