Yueying: Today's market analysis for Bitcoin and Ethereum on 12.23. Gold and silver both hit all-time highs. Will the crypto world face a Christmas catastrophe?
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Bitcoin Technical Analysis ————
Bitcoin's daily chart shows that after the previous K-line surged and faced resistance, it closed with an upper shadow. The intraday opening tested the 7-day moving average, with the Bollinger Bands in a flat state. The short-term moving averages have slightly turned, and the MACD fast and slow lines are crossing upwards but showing signs of flattening. The volume bars are contracting, and the KDJ is facing downward with resistance, while the VR indicator is consolidating around the 80 level. The four-hour view saw the market break through the upper band but then close with a doji and plunge back, currently testing the lower band. The Bollinger Bands continue to remain flat, and the short-term moving averages are revolving around the middle band. The MACD fast and slow lines have turned downwards, and the volume bars are turning green with increased volume. The KDJ is crossing down, noting support around the 0 level, with the VR indicator consolidating near 120. Overall, the market aligns with the expectations mentioned above, specifically emphasizing that the four-hour Bollinger Bands show no signs of opening, indicating limited rebound strength. The market only began to decline after briefly breaking 90,000. For the intraday short-term, I remain optimistic about a fluctuating adjustment. First, we need to focus on the support around the daily 7-day moving average, and next is the lower band. The short-term resistance above is around 90,100, suggesting a short-term view.
Bitcoin Short-term Suggestion: Buy at 87,200 (buy at 85,500), buy at 89,500 (strategy activated, profits to be managed independently)
Yita Technical Analysis ————
Yita faced resistance at around 3,077 and retreated, with daily resistance at the middle band. Currently, it is testing the support around the 7-day moving average. If it breaks, it will continue to test around 2,800. In the four-hour K-line view, although it fell below the 60-day moving average, it received support at the lower band, and this support can be referenced for a rebound. Overall, the technical view is linked to Bitcoin, suggesting a short-term view.
Yita Short-term Suggestion: Buy at 2,935 (buy at 2,850), sell at 3,020 (strategy activated, profits to be managed independently)
—— I am Zhou Yueying, a teacher focused on technical analysis. Anyone who has questions about operations or trends can communicate with me to learn and operate together! Let's exchange ideas and profit together! $BTC
