Yuying: Bitcoin and Ethereum Market Analysis Today, 12.8 Tested Resistance Area, Short-term First Short Then Long
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Bitcoin Technical Analysis————
From the daily chart of Bitcoin, we see a bullish rebound from the previous candle, with the opening testing resistance upwards before entering a consolidation phase. The Bollinger Bands are narrowing and flat, with short-term moving averages running around the middle band. The MACD fast and slow lines extend upwards and the volume bars are expanding while the KDJ crosses upwards, and the VR indicator is consolidating around the value of 50. In the 4-hour chart, the market breaks through the middle band but faces resistance near the upper band; the Bollinger Bands are narrowing with short-term moving averages around the middle band. The MACD crosses upwards with expanding volume bars, and KDJ extends upwards; be cautious of resistance near the value of 100, while the VR indicator consolidates around the value of 80. Overall, the market has rebounded after a dip on Sunday and is currently testing the resistance area. The support below can be focused on around 89000, and in the short term, we can first rely on resistance to short, and then re-enter long positions at support on pullbacks. Short-term first short then long, see short-term suggestions.
Bitcoin Short-term Suggestions: Current Price 91880 Short, 89500 Long (strategy activation profits to be grasped by yourself)
Ethereum Technical Analysis————
The daily Bollinger Bands for Ethereum are in a flat state; the upper band is currently the short-term resistance. The 4-hour chart also shows resistance at the upper band, while around EMA200 is also a resistance area. The overall technical interaction references Bitcoin, with a short-term synchronized strategy of first short then long. The current resistance area can be directly entered, and the support below can be focused on around 3000. See short-term suggestions.
Ethereum Short-term Suggestions: Current Price 3140 Short, 3035 Long (strategy activation profits to be grasped by yourself)
——I am Zhou Yuying, 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 exchange and profit together! $BTC
