Yue Ying: August 26 Bitcoin Ethereum Today Market Analysis Remains Strong but Beware of Possible Plunge Attached Short-term Strategy

CN
10 hours ago

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 harder; the more self-disciplined, the more excellent. I am Zhou Yueying, focusing on the trend analysis of mainstream coins, providing insights based on my technical analysis of the market.

Yueying's strategy here only has precise points, without ambiguous ranges or nearby areas. Friends who like Yueying can click to follow. Let's see today's sharing!

Technical Analysis of Bitcoin————

Looking at the daily chart of Bitcoin, after breaking the previous high and closing with a long upper shadow bearish candle, it has a downward pressure. The market continues to oscillate at high levels after opening. The Bollinger Bands are opening upwards, and the short-term moving averages are running upwards, with the MACD fast and slow lines extending upwards and the volume bars decreasing. The KDJ is moving downwards, noting the support around the 50 value, and the VR indicator is consolidating around the 200 value. In the four-hour view, the market is oscillating back and forth above 78000 and is currently running above the middle band. The Bollinger Bands are parallel and opening upwards, with short-term moving averages slightly downward. The MACD fast and slow lines are moving downwards, with green volume bars continuing to increase. The KDJ is turning down, noting support near the 0 value, and the VR indicator is consolidating around the 130 value. Overall, the market continues to maintain high-level fluctuations, and after reaching a new high, it hasn't continued. The 80000 mark has not stabilized for now; in the short term, we will first look for a pullback to go long. Whether we can see a small peak in the short term still depends on the market at the week's end, with resistance continuing to focus on the previous high area. If it breaks, we will focus on the 83000 area for resistance and on the 76500 area for support. Here are the short-term suggestions;

Short-term suggestion for Bitcoin: Long at 77300. (Profit from activated strategy at your own discretion)

Technical Analysis of Ethereum————

The technical aspect of Ethereum has not changed much, and there has been no supplementary rise. This sideways movement after an increase can easily lead to a plunge washing out positions, but we will continue to follow in the short term. Focus on the short-term support around 2400 and the previous high area above for short-term suggestions;

Short-term suggestion for Ethereum: Long at 2406. (Profit from activated strategy at your own discretion)

——I am Zhou Yueying, a teacher focused on technical analysis. If you have any questions about trading or trends, feel free to communicate and learn with me! Exchange and profit together!

There may be delays in the publication and review of articles; the market changes rapidly, and the above suggestions are for reference only, with risks borne by the individual! The market fluctuates every day, and all I can do is provide some slight help with my years of practical experience, guiding your investment decisions and management on the right track. Meeting each other is fate; I am a person who believes in fate. If you have any questions or doubts in the cryptocurrency field, you can follow Zhou Yueying closely, as I believe it will be helpful to you.

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