Yueying: August 15 Bitcoin Ethereum Today's Market Analysis Level Support Breakdown Will Accelerate Bearish Momentum

CN
6 hours ago

In a person's self-discipline, there are 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 excellent. I am Zhou Yueying, focusing on the analysis of mainstream cryptocurrency trends, providing insights based on my own technical understanding of the market.

Here at Yueying, the strategy consists only of precise points, with no ambiguous ranges or nearby areas; friends who like Yueying can click to follow. Let’s see today's share!

Technical Analysis of Bitcoin————

Looking at Bitcoin on the daily chart, the previous candlestick's overall closing remains blocked and under pressure; today’s opening continues to decline below the 63000 level. The Bollinger Bands are slightly opening, with the short-term moving averages trending down, MACD's fast and slow lines running down with increasing green volume, KDJ extending downward with attention to support near the 0 value, and the VR indicator consolidating around the 100 value. On the four-hour chart, the market is slowly declining and currently testing the support near the lower band; the MACD fast and slow lines are opening downward, with short-term moving averages running down, MACD's fast and slow lines extending downward with increasing volume, KDJ turning upwards, paying attention to resistance near the 50 value, while the VR indicator consolidates near the 60 value. Overall, the market is experiencing a pullback at expected resistance, currently testing the previously mentioned key short-term support level; once it breaks, a retest of the bottom could occur. Therefore, in the short term, we rely on support to look for rebounds; if it breaks completely, there’s no need to participate. For short-term suggestions;

Short-term suggestion for Bitcoin: long at 62200. (Adjust your strategy according to profit activation)

Technical Analysis of Ethereum————

Ethereum has been in a continuous horizontal fluctuation today; in the short term, you can continue to refer to the smaller range. The technical analysis on the daily and four-hour charts is interconnected with Bitcoin; short-term resistance is around the previous high, while support is above the 1800 level; if it breaks, it will require adjustment. Check the short-term suggestions.

Short-term suggestion for Ethereum: long at 1850. (Adjust your strategy according to profit activation)

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

Article publication reviews have some delays, and the market changes rapidly; the above suggestions are for reference only, and the risk is self-borne! The market changes drastically every day, and what I can do is use my years of practical experience to provide you with slight help, guiding your investment decisions and management on a correct course. Meeting is fate; I am a person who believes in fate, if you have any doubts in the cryptocurrency circle, you can pay more attention to Zhou Yueying, and I believe it will help you.

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