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Yueying: November 17 Bitcoin and Ethereum market analysis. The tug-of-war at the 3000 mark for Ethereum is intensifying. Has the bottom already appeared?

CN
财经达人周悦盈
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4 months ago
AI summarizes in 5 seconds.

A person's self-discipline hides 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 self-disciplined, the more excellent. I am Zhou Yueying, focusing on the trend analysis of mainstream coins, providing insights based on my own technical analysis of the market.

Here at Yueying, the strategy only includes precise points, with no ambiguous ranges or nearby levels. Friends who like Yueying can click to follow. Let's see today's sharing!

Bitcoin Technical Analysis ————

The bullish trend at 92800 mentioned earlier rebounded around 92900. Looking at the daily chart, after a small bullish candle on Saturday, a bearish candle formed on Sunday, creating a new low. The market opened with a rebound, and the Bollinger Bands continue to run downward, with short-term moving averages extending downward. After the MACD fast and slow lines turned, they extended downward again, with the volume bars decreasing. The KDJ received support and turned upward, while the VR indicator consolidated around the 50 value. On the four-hour chart, a new low formed a pin bar at the lower band, receiving support for a slight rebound, currently testing the middle band. The Bollinger Bands are narrowing, showing signs of a turning point in short-term moving averages. The MACD fast and slow lines crossed upward, with volume bars increasing again. The KDJ crossed upward, extending, and the VR indicator consolidated around the 60 value. Overall, the market remains in low-level fluctuations, with short-term resistance still around 97000. If it cannot break through and stabilize, it will likely retract again. The technical aspect is weak, and whether a reversal can occur in such a weak condition depends on this week's news support. The short-term support below is at 94000, followed by the previous low.

Bitcoin Short-term Suggestion: Buy at 94800 (Buy at 93600), Sell at 96600 (Strategy activated, profit to be managed independently)

Ethereum Technical Analysis ————

The Ethereum trend aligns with recent expectations; I have consistently emphasized looking for a rebound around 3000. Currently, the low has not broken below 3000. The overall technical trend is linked to Bitcoin, so refer to it accordingly. The support below continues to be around 3000, while the upper focus is on the area around 3300. If it breaks, then pay attention to the resistance around 3380.

Ethereum Short-term Suggestion: Buy at 3088, Sell at 3235 (Sell at 3338) (Strategy activated, profit to be managed independently)

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

The article's publication review has a delay; the market changes rapidly. The above suggestions are for reference only, and risks are to be borne by you! The market changes daily, and what I can do is use my years of practical experience to provide some slight assistance, guiding your investment decisions and management in the right direction. Meeting is fate; I am a person who believes in fate. If you have any doubts in the crypto world, you can follow Zhou Yueying more closely, and I believe it will be helpful to you.

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Selected Articles by 财经达人周悦盈

2 days ago
Yueying: March 30 Bitcoin Ethereum today's market analysis, long positions accurate, key support is the long position's city wall.
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6 days ago
Yueying: March 26 Bitcoin and Ethereum market analysis. The upward trend line's retracement support indicates buying. Attached are the latest trend suggestions.
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