Yue Ying: Bitcoin and Ethereum Market Analysis for Today - The Battle Between Bulls and Bears Is Imminent

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Bitcoin Technical Analysis ————

Bitcoin daily chart shows the previous K-line tested new lows and closed with a needle. The market opened with a slight rebound and oscillated. The Bollinger Bands remain open, with short-term moving averages trending downward. The MACD fast and slow lines are extending downward, with decreasing histogram bars. The KDJ indicator is turning upward above the 0 level. The VR indicator is consolidating near 80.

On the 4-hour chart, the market dipped below the lower band in the early morning but recovered, facing resistance around the 7-day moving average. The Bollinger Bands are narrowing and flat, with short-term moving averages turning downward again. The MACD lines have turned upward again, with increasing histogram bars. The KDJ is crossing downward but not extending, showing signs of flattening. The VR indicator is consolidating near 60.

Overall, the current market remains weak, but the bulls and bears are fiercely contesting, as it is at a critical support zone. There may be a quick dip to new lows followed by a rapid recovery, which also serves as a bullish "moat." Once breached, panic selling could cause another sharp decline. In the short term, watch resistance around 79,000 and support around 74,000. For short-term trading.

Bitcoin Short-term Strategy: Short at 78,500, Long at 74,500 (Activate strategy with profit, trade at your own risk)

Yitai Technical Analysis ————

Yitai broke new lows, testing around 2100, then rebounded but was again resisted below 2380. Overall technicals should be referenced with Bitcoin. In the short term, focus on the Bollinger Bands' upper and lower bounds for entry. There’s no need to overly focus on bullish or bearish signals, as it’s a support zone. After a decline, a correction is needed, and a strong rally won’t happen immediately. Patience is key while waiting for a new direction after the bulls and bears battle.

Yitai Short-term Strategy: Short at 2412, Long at 2188 (Activate strategy with profit, trade at your own risk)

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