Yue Ying: 12.7 Bitcoin and Ethereum Market Analysis for Today - End of Weekend Narrow Consolidation, Looking for a Rebound, Current Price Recommendations Included

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Bitcoin Technical Analysis ————

On the daily chart, after a pullback and a bearish candle on Friday, Bitcoin entered a narrow range consolidation over the weekend, closing with small candlesticks. The Bollinger Bands remain flat, and the short-term moving averages are running around the middle band. The MACD fast and slow lines are extending upward with shrinking volume bars, the KDJ has crossed downward again, and the VR indicator is consolidating around the 45 value. On the 4-hour chart, the price is moving sideways within a small box range, the Bollinger Bands are narrowing, short-term moving averages are turning upward, MACD fast and slow lines, after falling below the zero axis, show signs of turning upward, volume bars are shrinking, KDJ is crossing upward, and the VR indicator is consolidating near the 90 value. Overall, the narrow weekend consolidation was within expectations, trading is light, and the candlesticks show a bottoming and stabilization, with a rebound expected after consolidation to test resistance in the short term. Please refer to the short-term recommendations.

Bitcoin Short-term Recommendation: Buy at the current price of 89350 (If the strategy is triggered and profitable, manage accordingly)

Ethereum Technical Analysis ————

Ethereum’s technicals are linked to Bitcoin for reference. Currently, the overall trend is the same as Bitcoin, with the daily chart getting support at the middle band. After the weekend’s consolidation, it has stabilized and is expected to rebound. On the 4-hour chart, the Bollinger Bands are starting to narrow, the candlestick is above the 7-period moving average, and the strategy is in sync with Bitcoin—look for a rebound first. Please refer to the short-term recommendations.

Ethereum Short-term Recommendation: Buy at the current price of 3040 (If the strategy is triggered and profitable, manage accordingly)

—— 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 trading with me! Let’s share and profit together! #BTC #ETH