Yue Ying: Bitcoin and Ethereum Market Analysis for Today - Long Positions Reached Take Profit Again, Short-Term Continues to Range, Waiting for Breakout

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Bitcoin Technical Analysis ————

In the previous analysis, the short-term long strategy at 65300 was mentioned. The market rebounded around 65000, creating a space of about 1600 dollars. On the daily chart, the previous candle closed as a bearish candle. During the day, the price tested upward at the open, with Bollinger Bands narrowing and flattening. The short-term moving average is around the middle band. The MACD fast and slow lines are extending upward, with the histogram switching between decreasing and increasing. The KDJ has turned upward again after a head, and the VR indicator is consolidating near 60.

On the 4-hour chart, after the price retraced and broke below the moving average and the middle band, it did not continue to decline but rebounded again, breaking through the moving average and the middle band. Bollinger Bands are narrowing and flattening, with the short-term moving average around the middle band. The MACD fast and slow lines are crossing upward below the zero line, showing signs of breaking above zero. The histogram is slightly increasing again. The KDJ is near 100, facing resistance and turning downward, currently flat. The VR indicator is consolidating near 110.

Overall, the market is still operating within the expected range. The early morning rally should be approached with caution. Whether it can continue depends on observation. The indicators show signs of a potential trend reversal. The longer the range-bound movement lasts, the closer the breakout point is. For now, treat the short-term as a range, wait for a breakout before adjusting, and participate with proper risk control. Short-term trading advice.

Bitcoin Short-Term Advice: Long above 65300 (above 63600), Short at 68600 (strategy activated, profit can be taken at will)

Yitai Technical Analysis ————

Yitai previously had a strategy to short at 2080, which was executed about 20 dollars away. Long at 1915, the market rebounded from 1905, currently about 70 dollars of space. The overall technicals continue to follow Bitcoin's reference. In the short term, trade according to the 4-hour upper and lower bands. If a breakout occurs below, pay attention to the support around 1730.

Yitai Short-Term Advice: Long at 1860 (above 1770), Short at 2060 (strategy activated, profit can be taken at will)

——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 with me! Let's share and profit together! #BTC #ETH