Yueying: 8.14 Bitcoin Ethereum today's market analysis, ETH is just one step away from its historical high. Beware of violent whipsaw actions.
I am Zhou Yueying, and let's take a look at today's sharing!
Bitcoin ETH Technical Analysis ————
The daily chart for Bitcoin shows a bullish close on the previous candle. After a slight pullback at the opening, it rebounded and tested the upper band, facing resistance. The Bollinger Bands are slightly opening, and the short-term moving averages are running around the middle band and turning upwards. The MACD fast and slow lines have crossed upwards, with increasing volume bars, while the KDJ is turning upwards again, paying attention to the resistance near the 100 level. The VR indicator is consolidating around the 60 level. The 4-hour chart shows the market testing the previous high and pulling back, with signs of a shooting star in the candles. The Bollinger Bands are running upwards, and the short-term moving averages are turning upwards. The MACD fast and slow lines are also turning upwards, but the volume bars are shrinking. The KDJ is facing resistance around the 90 level and is turning downwards, while the VR indicator is consolidating around the 120 level. Overall, the market continues to operate within the range mentioned above, with short-term attention on the resistance near the previous high. If a breakout occurs upwards, focus on the resistance around 125000. The support below remains unchanged, continuing to pay attention to the 118000 level, followed by the 116000 level. Looking at the short term.
Bitcoin short-term: 121600 short (124800 short), 118000 long (116500 long) (Strategy activation has room for self-management)
ETH Technical Analysis———
The ETH trend aligns with the expectations mentioned above. After continuing to rise, it faced resistance around 4740 and retraced. The daily and 4-hour technical indicators show a need for correction. If it continues to rise and breaks the previous high, attention must be paid to the extent of the retracement adjustment. Resistance is focused on the historical high around 4800, while short-term support is around 4500, followed by support above 4300. If a retracement occurs, the volatility will be considerable, so caution is advised. Focus on short-term trading.
ETH short-term: 4788 short (4870 short), 4530 long (4388 long) (strategy activation has room for self-judgment)
——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn operations with me! See you next time.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Yueying: 8.14 Bitcoin Ethereum today's market analysis, ETH is just one step away from its historical high. Beware of violent whipsaw actions.
I am Zhou Yueying, and let's take a look at today's sharing!
Bitcoin ETH Technical Analysis ————
The daily chart for Bitcoin shows a bullish close on the previous candle. After a slight pullback at the opening, it rebounded and tested the upper band, facing resistance. The Bollinger Bands are slightly opening, and the short-term moving averages are running around the middle band and turning upwards. The MACD fast and slow lines have crossed upwards, with increasing volume bars, while the KDJ is turning upwards again, paying attention to the resistance near the 100 level. The VR indicator is consolidating around the 60 level. The 4-hour chart shows the market testing the previous high and pulling back, with signs of a shooting star in the candles. The Bollinger Bands are running upwards, and the short-term moving averages are turning upwards. The MACD fast and slow lines are also turning upwards, but the volume bars are shrinking. The KDJ is facing resistance around the 90 level and is turning downwards, while the VR indicator is consolidating around the 120 level. Overall, the market continues to operate within the range mentioned above, with short-term attention on the resistance near the previous high. If a breakout occurs upwards, focus on the resistance around 125000. The support below remains unchanged, continuing to pay attention to the 118000 level, followed by the 116000 level. Looking at the short term.
Bitcoin short-term: 121600 short (124800 short), 118000 long (116500 long) (Strategy activation has room for self-management)
ETH Technical Analysis———
The ETH trend aligns with the expectations mentioned above. After continuing to rise, it faced resistance around 4740 and retraced. The daily and 4-hour technical indicators show a need for correction. If it continues to rise and breaks the previous high, attention must be paid to the extent of the retracement adjustment. Resistance is focused on the historical high around 4800, while short-term support is around 4500, followed by support above 4300. If a retracement occurs, the volatility will be considerable, so caution is advised. Focus on short-term trading.
ETH short-term: 4788 short (4870 short), 4530 long (4388 long) (strategy activation has room for self-judgment)
——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn operations with me! See you next time.