Yueying: 1.12 Bitcoin Ethereum Today's Market Analysis Although there are signs of bottoming out, the previous high resistance cannot be ignored.

CN
7 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 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 share!

Bitcoin Technical Analysis ————

The short-term strategy for Bitcoin given earlier at 89300 saw the market supported and rebounding around 89600, creating a space of over 2000 dollars. On the daily chart, after a narrow fluctuation over the weekend, the market opened and tested the 7-day moving average upwards. The Bollinger Bands are slightly opening, with short-term moving averages flattening out. The MACD fast and slow lines are running upwards above the 0 axis, with increasing volume, and the KDJ is turning upwards, while the VR indicator is consolidating around the 80 value. On the 4-hour chart, the market has broken through the 60-day moving average and the upper band, currently running above the upper band. The Bollinger Bands are opening, with short-term moving averages turning upwards. The MACD fast and slow lines are crossing upwards, showing signs of breaking through the 0 axis, with increasing volume, and the KDJ is running upwards again, while the VR indicator is consolidating around the 120 value. Overall, the market confirmed support after a pullback and stopped falling, adjusting upwards. Although it is relatively strong in the short term, the resistance around the previous high above is still a point to pay attention to in the short term, while the support below is around 90300. Looking at short-term suggestions.

Bitcoin Short-term Suggestion: Short at 93800, Long at 91300 (Activate strategy and manage profits yourself)

Ethereum Technical Analysis ————

For Ethereum, the previous long at 3065 saw the market rebound around 3060, creating a space of over 100 dollars, with precise points. The daily and 4-hour technical aspects are linked, referring to Bitcoin for guidance. In the short term, the previous high should be used as a boundary for reference, while the support area around 3080 should continue to be monitored. Although there is a U-shaped bottom formation, the resistance at the previous high should not be underestimated. Looking at short-term suggestions.

Ethereum Short-term Suggestion: Short at 3260, Long at 3118 (Activate strategy and manage profits yourself)

—— 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!

There may be delays in article publication review, and the market changes rapidly. The above suggestions are for reference only, and risks are to be borne by yourself! 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 on the right path. 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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