Yue Ying: 1.5 Bitcoin and Ethereum Market Analysis Today - Key Resistance Close at Hand, Who Will Prevail in the Bulls and Bears?
I am Zhou Yue Ying. Friends who enjoy articles, please follow me, and let's see today's share!
Bitcoin Technical Analysis ————
Bitcoin daily chart shows a continuous upward trend breaking through the previous range. Currently trading above the upper band and the 60-day moving average. The Bollinger Bands are opening, short-term moving averages are turning upward, MACD fast and slow lines are extending upward with signs of breaking above the zero line, volume bars are increasing, KDJ is near 100 with signs of turning downward, VR indicator is consolidating around 90.
On the 4-hour chart, the market is oscillating upward. After opening with a rally and breaking the upper band, it slightly retraced into consolidation. Bollinger Bands are opening, short-term moving averages are arranged upward, MACD fast and slow lines are extending upward with volume fluctuating between shrinking and expanding, KDJ is turning downward with a crossover, VR is consolidating near 240.
Overall, after entering January, the bulls have shown some recovery. Although the technicals are oscillating towards the bullish side, resistance above remains significant, especially near the previous high zone. Therefore, in the short term, it can be observed for testing, and a retracement can be considered. The short-term support below is around 91,000.
Short-term trading advice.
Bitcoin Short-term Trading Suggestions: Short at 94,100, Long at 91,800 (Activate strategy with profit, manage your own risk)
Yitai Technical Analysis ————
Yitai daily and 4-hour charts are similar to Bitcoin. The daily chart shows a rebound with consecutive bullish candles. The short-term strategy can follow Bitcoin’s trend. Watch the resistance zone around 3300 above and support around 3080 below.
Short-term trading advice.
Yitai Short-term Trading Suggestions: Short at 3260, Long at 3118 (Activate strategy with profit, manage your own risk)
— I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to communicate and learn with me! Let’s share and profit together! #BTC #ETH