Yue Ying: Bitcoin and Ethereum Market Analysis for 2.10 - Rebound Stalls, Is a Second Test Coming? Short-term Strategy Tips

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Bitcoin Technical Analysis ————

Looking at the daily chart, the previous K rebound has not stabilized; the 7-day moving average shows an upper shadow. The market opened again near the 7-day moving average and tested downward. The Bollinger Bands are trending downward, with short-term moving averages aligned downward. The MACD fast and slow lines are extending downward, with decreasing histogram bars. The KDJ is crossing upward. The VR indicator is consolidating around the 60 level.

On the 4-hour chart, after high-level oscillation, the price broke below the midline and short-term moving averages. The Bollinger Bands are narrowing, with short-term moving averages around the midline. The MACD fast and slow lines are extending upward with signs of turning, and the histogram bars are shrinking again. The KDJ is crossing downward. The VR indicator is consolidating near the 80 level.

Overall, the rebound was a false breakout without continuation. The daily chart also did not break through and stabilize above the 7-day moving average. In the short term, there are signs of testing again. Support is temporarily at around 67,000. If broken, watch for support at around 64,500. Resistance above is at around 71,000. If the price can break through and stabilize, it will test the 74,000 level.

This week, macro news includes Non-Farm Payrolls and CPI data released on Wednesday and Friday. Although the market lacks incremental funds and there is a phenomenon of outflows, there is a possibility of ups and downs driven by news. Worth paying attention to. Short-term strategy advice.

Bitcoin Short-term Strategy: Short at 70,500, Long at 67,300 (Long at 65,300) (Strategy activation with profit, please manage yourself)

Yitai Technical Analysis ————

Yitai faces resistance around 2150, with the overall daily and 4-hour technicals linked to Bitcoin’s reference. In the short term, support is at around 1960; if broken, extend support to around 1850. Resistance is at around 2100; if broken and stabilized, the next resistance is at around 2230. Short-term strategy advice.

Yitai Short-term Strategy: Short at 2088, Long at 1980 (Long at 1888) (Strategy activation with profit, please manage yourself)

— I am Zhou Yue Ying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to communicate and learn together! Share and profit together! #BTC #ETH