Yuying: Bitcoin and Ethereum Market Analysis on August 13, Continue to Wait for Direction at a Slow Pace, Attached 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 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, focusing on trend analysis of mainstream currencies, providing insights based on my own technical analysis.

Here at Yueying, the strategy only has precise entry points, with no ambiguous ranges or nearby values. Friends who like Yueying can follow me. Let's see today's sharing!

Technical Analysis of Bitcoin————

The 64400 short position mentioned previously was executed accurately, but the price fluctuation was small, only moving 1100 dollars. Looking at the daily line, the previous candle closed bearish and encountered resistance again, pulling back, with today’s opening showing narrow fluctuations around the 60-day moving average. The Bollinger Bands are in a flat state, and the short-term moving averages are slightly downward. The MACD fast and slow lines are moving downwards with increasing green volume bars, while KDJ is extending downwards, noting support around the 0 value. The VR indicator is consolidating near the 110 value. On the four-hour chart, the market is slowly moving upward, and the European session did not continue. Currently, it is operating below the middle track. The Bollinger Bands are narrowing, and the short-term moving averages are arranged in parallel. The MACD fast and slow lines are slightly moving upward, with the volume bars continuously decreasing, while KDJ is facing resistance around the 50 value and turning downwards with three lines converging. The VR indicator is consolidating near the 60 value. Overall, the market trend aligns with expectations, with no significant changes. It currently maintains a weak adjustment, with both upward and downward movements lacking continuity. Recently, the market should not be too greedy; continue to refer to the previous idea of a range of 64800-62000, mainly short with some long, patiently waiting for a direct breakout to see continuity, focusing on short-term suggestions;

Short-term suggestion for Bitcoin: short at 64400. (Profit from the activated strategy to be managed yourself)

Technical Analysis of Ethereum————

Ethereum has clearly faced pressure from the middle track of the daily line, with very small fluctuation space offering no advantages for long or short positions. Throughout the day, continue to refer to small interval fluctuations and wait for a boundary to choose a direction. The overall technical trend of the daily line and four-hour charts synchronize with Bitcoin, providing a reference. The short-term resistance above to pay attention to is around the previous high, with support above around 1800, looking at short-term suggestions.

Short-term suggestion for Ethereum: short at 1910. (Profit from the activated strategy to be managed yourself)

——I am Zhou Yueying, a teacher focusing on technical analysis. Friends who have any questions about trading or trends can discuss and learn operations with me! Communicate together, profit together!

The release of this article may have delays in review, and market conditions change rapidly; the above suggestions are for reference only, with risks borne by yourself! The market changes every day, and what I can do is provide slight assistance based on my years of practical experience, helping your investment decisions and business management set sail on the right course. Meeting is fate; I am someone who believes in fate. If you have any questions in the cryptocurrency circle, feel free to follow Zhou Yueying, who I believe will be helpful to you.


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