Yueying: Bitcoin and Ethereum Market Analysis on August 30. Is the High-Level Consolidation Reaching a Peak? Weekend Brief Review.

CN
2 hours ago

A person's self-discipline holds infinite possibilities; the degree of your self-discipline determines the height of your life.

There is no shortcut in life, but every step you take counts.

The more diligent, the more effort; the more self-disciplined, the more outstanding. I am Zhou Yueying, focusing on the trend analysis of mainstream currencies, providing insights based on my technical analysis.

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 sharing!

Technical Analysis of Bitcoin ————

Looking at Bitcoin on the daily chart, the previous candle closed as a small bull around 77000, fluctuating slightly upwards. The market continues to maintain high-level adjustments at the opening today. The Bollinger Bands are opening upwards, and the short-term moving averages are arranged upwards. The MACD fast and slow lines are running downward with volume bars continuously shrinking, while the KDJ extends downward, paying attention to the support near the 50 value. The VR indicator is consolidating around the 200 value. On the four-hour chart, the weekend market is fluctuating narrowly above the 7-day moving average, currently running around 78000. The Bollinger Bands are in a flat state, with the short-term moving average slightly upward. The MACD fast and slow lines are parallel, and the volume bars are continuously shrinking. The KDJ extends upward, and attention should be paid to the resistance near the 100 value. The VR indicator is consolidating around the 60 value. Overall, after the market dipped on Friday, it has a small range of consolidation over the weekend, paying close attention to the closing situation of the weekly chart. If it closes with a high pin, it is highly likely that it will oscillate weakly next week. The key resistance is still around 83000, which is also the critical boundary of the current structure. The short-term horizontal support has not been broken, so initially, you can rely on the support area to enter. Be cautious when there is a resurgence to break new highs; do not blindly chase after the rise. Here are the short-term recommendations;

Bitcoin Short-term Recommendation: Buy at 77500. (Strategy activation has profits, manage accordingly)

Technical Analysis of Ethereum ————

The technical trend of Ethereum still correlates with Bitcoin’s reference. The strength of the pullback meets expectations, and it did not break the support around 2400. In the short term, continue to rely on this support to engage in short-term trading, with resistance above still focused on the previous high. The strategy remains consistent; if the short-term support breaks, there may be an accelerated test of the market, so short-term operations still need caution. Here are the short-term recommendations;

Ethereum Short-term Recommendation: Buy at 2418. (Strategy activation has profits, manage accordingly)

—— I am Zhou Yueying, a teacher focused on technical analysis. Anyone with questions about operations or trends can communicate with me for learning and trading! Let’s exchange ideas and profit together!

There may be delays in the article's release review, and market conditions change rapidly. The above recommendations are for reference only; bear the risks personally! The market changes daily, and what I can do is use my years of practical experience to provide you with slight assistance, helping your investment decisions and management to be on the right path. Meeting is a destiny; I am a person who believes in fate. If you have any doubts in the cryptocurrency world, you can pay more attention to Zhou Yueying, and I believe it will help you.


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