Yueying: 11.10 Bitcoin Ethereum Today's Market Analysis, Breakout from the Trading Range, Long Positions Reversal? It's too early to say.
I am Zhou Yueying, and let's take a look at today's sharing!
Bitcoin Technical Analysis ————
On the daily chart, Bitcoin shows a breakthrough of the low trading range with the previous candlestick closing as a bullish line. The intraday opening continues to test the contracted Bollinger Bands upwards, with the short-term moving averages turning upwards. The MACD fast and slow lines are also turning upwards while the volume bars are decreasing. The KDJ crosses upwards, and the VR indicator is consolidating around the 60 level. On the four-hour chart, the market has broken through the upper band and the 60-day moving average, currently operating above the upper band. The Bollinger Bands are opening up, and the short-term moving averages are turning upwards. The MACD fast and slow lines are extending upwards, breaking through the 0 axis with volume bars continuing to increase. The KDJ is extending upwards again, noting the resistance near the 100 level, while the VR indicator is consolidating around the 90 level. Overall, the market shows signs of continuing upwards after breaking through the previous trading range, with short-term resistance focusing on the daily mid-band and EMA200 range. Support below is focused on the 105000 range, followed by the 104000 range. Whether the market can continue to test upwards depends on the support situation below. Currently, while the long positions are strong, caution is also needed, and short-term suggestions should be considered.
Bitcoin short-term suggestion: short at 107700, long at 105200 (long at 104500) (strategy activation has profits, please manage it yourself)
Auntie's Technical Analysis ————
After breaking through the resistance at 3500, Ether continued to test upwards but faced a slight pullback after being obstructed around 3650. The overall technical aspect can be linked to Bitcoin for reference, but the market for Ether is slightly weaker. In the short term, pay attention to the resistance around 3650. If it breaks through, then focus on the resistance below 3800. The support below is around 3500, followed by the area above 3400. Consider short-term suggestions.
Auntie's short-term suggestion: short at 3660 (3750), long at 3545 (3480) (activate the strategy and take profit as you see fit)
——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! Let's exchange ideas and profit together! #BTC #ETH