Yueying: Analysis of today's market for 2.13 Bitcoin and Ethereum. Will the CPI accelerate the market to complete a second probe and then rebound? Includes short-term highlights.

CN
3 hours ago

Within 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 disciplined you are, the more excellent you become. I am Zhou Yueying, focusing on the trend analysis of mainstream currencies, providing insights based on my own technical understanding of the market.

At Yueying, the strategies are based solely on precise points, with no ambiguous ranges or approximations. Friends who like Yueying can follow me. Let's see today's sharing!

Technical Analysis of Bitcoin————

Analyzing Bitcoin on the daily chart, the market experienced a period of consolidation after the data release last night, but the range was not large, around $3000. The previous candle was blocked near the 7-day moving average, closing as a bearish candle. The market opened higher during the day and tested the 7-day average again. The Bollinger Bands are showing signs of narrowing downwards. The short-term moving average has begun to turn upwards, while the MACD fast and slow lines have extended downwards but are showing signs of turning upwards with the volume bars continuing to decrease. The KDJ has turned upwards again, and the VR indicator is consolidating near the value of 50. Looking at the 4-hour chart, the market found support near the lower band and rebounded, testing the middle band. The Bollinger Bands are narrowing, and the short-term moving averages are slightly turning upwards. The MACD fast and slow lines have crossed upwards, with the volume bars showing slight increases. The KDJ is crossing upwards. The VR indicator is consolidating near the value of 90. Overall, while there is support for the market, resistance above remains effective. Currently, the upper band of the 4-hour chart and the 60-day moving average are important short-term boundaries. If they cannot stabilize beyond the breakout, it will continue to test the lower band of the 4-hour chart. Once broken, it will go towards the support near 63000. There will also be CPI data released on Friday, so there is still a possibility of short-term volatility, and the risk of the market testing lower again remains. Consider short-term strategies.

Bitcoin Short-term Recommendations: Sell at 69800, Buy at 66000 (Buy at 63800) (Profit-taking is at your discretion once the strategy is activated)

Technical Analysis of Ethereum————

Ethereum's daily and 4-hour technical feedback is linked to Bitcoin as a reference, with resistance and support in line with previous discussions, adding a new support reference for longs. Continue to monitor the boundary around 2100, and if it breaks and stabilizes again, it will continue to rebound and test upwards. Watch for the support above 1800; if a pin bar breaks through and then recovers above, it indicates completion of a double bottom, leading to a continuous rebound. If the entity breaks the previous low, the probability of a new low support increases. The short-term needs further monitoring of this idea, consider short-term strategies.

Ethereum Short-term Recommendations: Sell at 2058, Buy at 1888 (Buy at 1828) (Profit-taking is at your discretion once the strategy is activated)

——I am Zhou Yueying, a teacher focusing on technical analysis. Anyone with questions about trading or trends can discuss and learn together with me! Let's share ideas and profits together!

There may be delays in article publication and review; the market changes rapidly. The above advice is for reference only and risks are borne by yourself! The market fluctuates dramatically every day, and what I can do is use my years of practical experience to provide you with some slight assistance, guiding your investment decisions and management on a correct path. Meeting is fate, and I am a believer in fate. If you have any doubts in the crypto circle, feel free to follow Zhou Yueying; I believe it will be helpful to you.


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