Yue Ying: 1.16 Bitcoin and Ethereum Market Analysis Today, High-Range Volatility and Bull-Bear Battle Entering a Hot Phase, Short-Term Recommendations Included

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Bitcoin Technical Analysis ————

On the daily chart, Bitcoin's price faced resistance after a rally, with the previous candle closing bearish. Intraday, it opened with slight fluctuations and adjustments. The Bollinger Bands are slightly opening, with the short-term moving averages trending upward. The MACD fast and slow lines are extending upward, while the histogram is shrinking. The KDJ is crossing upward with signs of a turn. The VR indicator is consolidating around the 110 level. On the four-hour chart, early morning trading saw a slight dip and a pullback to the midline, which found support. Currently, there are signs of stabilization. The Bollinger Bands are narrowing, the short-term moving averages are flattening, and the MACD fast and slow lines are crossing downward with the histogram turning green and expanding. The KDJ is extending downward with signs of a turn. Pay attention to support near the 0 level. The VR indicator is consolidating around 280. Overall, after a continuous rally, the price was blocked below 98,000. Therefore, in the short term, 98,000 is seen as a dividing line. If it cannot break through and stabilize, a pullback and correction are expected; otherwise, the upward trend will continue, testing the 100,000 mark again. The short-term market is crucial for the overall structure, so focus on it. Currently, support around the four-hour midline is referenced for short-term trading.

Bitcoin Short-Term Recommendations: Short at 97,300, Long at 95,200 (Strategy activation with profit, manage at will)

Yitai Technical Analysis ————

Although the long position mentioned earlier was accurate in terms of entry point, it has not yet moved significantly. The daily and four-hour technicals are referenced for Bitcoin. In the short term, focus on resistance near the previous high, with support also around the four-hour midline. If the price breaks below 3,250 in the body, it will continue downward testing. Short-term advice is as follows.

Yitai Short-Term Recommendations: Short at 3,386, Long at 3,288 (Strategy activation with profit, manage at will)

— 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 insights and profit together! #BTC #ETH