Yue Ying：1.8 Bitcoin and Ethereum Today's Market Analysis - Ethereum's Daily Consecutive Gains Ending, Bears Exerting Force Again?
I'm Zhou Yueying. Friends who like articles, please follow and see today's sharing!
Bitcoin Technical Analysis————
Bitcoin daily chart shows the previous K closed with a solid bearish candle breaking below the 7-day moving average. Intraday opened near the 7MA and faced resistance; currently testing around the 60-day moving average. Bollinger Bands in a contracted, flat state with short-term moving averages showing signs of turning. MACD fast and slow lines show turning signs after breaking above the 0 axis, volume contracting. KDJ crossover moving downward. VR indicator consolidating around 85 value. On the 4-hour chart, after breaking the mid-band, consecutive bearish candles are moving toward the lower band; currently testing the lower band with Bollinger Bands slightly opening. Short-term moving averages turning downward, MACD fast and slow lines crossing downward extending, volume expanding. KDJ moving downward, note support near the 0 value. VR indicator consolidating around 100 value. Overall, this $7000+ retracement is now facing pullback adjustment. If key support doesn't break, after pullback completes, it will test upward again. Consensus on short-term support below at around 90000, so giving false break space, focus on support around 88800, short-term resistance above focus on 93000 area. See short-term suggestions.
Bitcoin Short-term Suggestions: Short at 92500, Long at 89300 (activate strategy and take profits at your discretion)
Ethereum Technical Analysis————
Ethereum's daily strong bullish candle didn't continue; the previous K instead followed Bitcoin closing with a solid bearish candle, still unable to escape the fate of following along. The second can only follow the leader. Technical analysis needs no more words, still reference in correlation with Bitcoin. Above 3300 area becoming short-term high, so for rebounds below that, go in with short orders. Short-term key support around 3050 area, pullback to 4-hour 60-day moving average and EMA200 area watch for rebounds. See short-term suggestions.
Ethereum Short-term Suggestions: Short at 3238, Long at 3088 (activate strategy and take profits at your discretion)
——I'm Zhou Yueying, a teacher focused on technical analysis. Any friends with questions about operations or trends can exchange and learn operations with me! Communicate together, profit together! #BTC #ETH
Yue Ying：1.8 Bitcoin and Ethereum Today's Market Analysis - Ethereum's Daily Consecutive Gains Ending, Bears Exerting Force Again?
I'm Zhou Yueying. Friends who like articles, please follow and see today's sharing!
Bitcoin Technical Analysis————
Bitcoin daily chart shows the previous K closed with a solid bearish candle breaking below the 7-day moving average. Intraday opened near the 7MA and faced resistance; currently testing around the 60-day moving average. Bollinger Bands in a contracted, flat state with short-term moving averages showing signs of turning. MACD fast and slow lines show turning signs after breaking above the 0 axis, volume contracting. KDJ crossover moving downward. VR indicator consolidating around 85 value. On the 4-hour chart, after breaking the mid-band, consecutive bearish candles are moving toward the lower band; currently testing the lower band with Bollinger Bands slightly opening. Short-term moving averages turning downward, MACD fast and slow lines crossing downward extending, volume expanding. KDJ moving downward, note support near the 0 value. VR indicator consolidating around 100 value. Overall, this $7000+ retracement is now facing pullback adjustment. If key support doesn't break, after pullback completes, it will test upward again. Consensus on short-term support below at around 90000, so giving false break space, focus on support around 88800, short-term resistance above focus on 93000 area. See short-term suggestions.
Bitcoin Short-term Suggestions: Short at 92500, Long at 89300 (activate strategy and take profits at your discretion)
Ethereum Technical Analysis————
Ethereum's daily strong bullish candle didn't continue; the previous K instead followed Bitcoin closing with a solid bearish candle, still unable to escape the fate of following along. The second can only follow the leader. Technical analysis needs no more words, still reference in correlation with Bitcoin. Above 3300 area becoming short-term high, so for rebounds below that, go in with short orders. Short-term key support around 3050 area, pullback to 4-hour 60-day moving average and EMA200 area watch for rebounds. See short-term suggestions.
Ethereum Short-term Suggestions: Short at 3238, Long at 3088 (activate strategy and take profits at your discretion)
——I'm Zhou Yueying, a teacher focused on technical analysis. Any friends with questions about operations or trends can exchange and learn operations with me! Communicate together, profit together! #BTC #ETH