Yue Ying: 1.15 Bitcoin and Ethereum Market Analysis Today - Whether the Structure Can Be Completely Reversed Depends on 98K, Plus Short-term Trading Suggestions

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Bitcoin Technical Analysis ————

The daily chart shows that the previous candle closed bullish again, breaking through the upper band. The market opened around the upper band and oscillated and adjusted. The Bollinger Bands are opening up, with short-term moving averages turning upward. The MACD fast and slow lines are extending upward with increasing histogram bars. The KDJ is crossing upward, watch for resistance near the 100 level. The VR indicator is consolidating around 120. On the four-hour chart, after reaching a new high, the price closed with a shooting star and retraced. Currently, it is supported by the 7-day moving average. The Bollinger Bands are opening, with short-term moving averages arranged upward. The MACD fast and slow lines continue to extend upward with signs of turning, and the histogram is shrinking. The KDJ is crossing downward, and the VR indicator is consolidating around 350. Overall, the market continues to maintain a bullish structure, but there is a key resistance level near 98,000. If the price can break through this level in one go, it will completely reverse and continue the bullish trend. Otherwise, there may be a retracement. Short-term support is around the middle of the four-hour Bollinger Bands, approximately 94,000. For short-term trading, see the above.

Bitcoin Short-term Trading Suggestions: Short at 98,100, Long at 94,800 (Activate strategy and profit at your own discretion)

Yitai Technical Analysis ————

Yitai yesterday faced resistance around 3403 and retraced. The short position missed by about 20 dollars, and the long position was also a few dollars off, but the short-term idea was correct. The daily chart is currently testing the EMA200 as resistance. If it can stabilize, the previous high will be the next focus. The four-hour K-line shows that the retracement strength compared to Bitcoin is slightly larger but within expectations. Continue to watch support above 3250. Overall, the technicals are linked to Bitcoin, and reference can be made accordingly. Short-term trading suggestions.

Yitai Short-term Trading Suggestions: Short at 3430, Long at 3288 (Activate strategy and profit at your own discretion)

— 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 and profit together! #BTC #ETH