Yue Ying: 12.4 Bitcoin and Ethereum Market Analysis Today – BTC Longs Profitable, ETH Catches Up to Key Resistance, Watch the Range Today

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BTC Technical Analysis ————

Previously, BTC’s long position at 91,800 pulled back to around 91,700 before rebounding, creating a move of over $2,000. On the daily chart, the previous candle closed bullish again, and today’s session opened with high-level consolidation. The Bollinger Bands are narrowing and flattening, with short-term moving averages hovering near the middle band. MACD fast and slow lines are crossing upward with volume bars expanding again. KDJ is trending upwards—watch for resistance near the 100 level. The VR indicator is consolidating around the 50 mark. On the four-hour chart, the price is consolidating at highs above the 7-day moving average. The Bollinger Bands are widening, short-term moving averages are turning upward, MACD fast and slow lines have broken above the zero axis and are moving up, showing signs of turning, but volume is shrinking. KDJ is turning down and crossing, and the VR indicator is consolidating near 150. Overall, the market is in high-level consolidation and adjustment, so treat it as a short-term range. Watch for resistance near the previous high above and support near 91,000 below. Refer to the short-term suggestions.

BTC Short-term Suggestions: Long at 91,800, short at 93,800 (activate the strategy and manage profits on your own)

ETH Technical Analysis ————

Yesterday, ETH’s rebound was stronger than BTC, showing signs of catching up. Currently, it’s facing resistance at the upper band of the daily chart. The four-hour chart shows consecutive bullish candles testing the EMA200. Bollinger Bands are opening up. Other technical indicators are moving in sync with BTC, so refer accordingly. Based on resistance from the daily and four-hour charts, you can consider short positions below the previous highs, and watch for support above 3,080. Refer to the short-term suggestions.

ETH Short-term Suggestions: Long at 3,115, short at 3,215 (activate the strategy and manage profits on your own)

——I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about trading or trends, feel free to communicate and learn with me! Let’s share and profit together! #BTC #ETH