Yue Ying: 6.3-4 Bitcoin and Ethereum Market Analysis Today, After Oversold Conditions, Looking for Correction and Stabilization Phase, With Short-term Strategies

Bitcoin Technical Analysis——
In the previous analysis, the short-term strategy for Bitcoin at around 65,800 has seen the price move within a range of about 1,700 dollars. On the daily chart, the previous candle closed with a long bearish real body, breaking below the lower band and touching around 66,000. During the day, after opening again at a new low, it rebounded with a pin bar. The Bollinger Bands are opening downward, and the short-term moving averages are trending downward. The MACD fast and slow lines are extending downward with increasing histogram bars. The KDJ is supported at the 0 level and is turning upward. The VR indicator is consolidating near the 50 level. On the four-hour chart, after finding support at the lower band, the price rebounded upward, currently testing the short-term resistance near the 7 moving average. The Bollinger Bands are opening downward, and the short-term moving averages show signs of turning up. The MACD fast and slow lines are parallel with decreasing histogram bars. The KDJ is turning upward with a cross near the 50 resistance level. The VR indicator is consolidating near the 40 level. Overall, after a rapid decline with a large bearish candle, the price slightly rebounded from around 66,000. Based on the candlestick pattern, the short-term market is unlikely to see a large decline again, leaning more towards a correction and adjustment phase. Attention should be paid to the daily closing situation; even if new lows occur, the probability of a rebound from oversold conditions is higher. Therefore, it is currently not suitable to chase short positions. Short-term support levels are the previous low and the slightly broken previous low, while the short-term resistance above is around 70,000. For short-term trading suggestions;

Bitcoin Short-term Strategy: Long at around 65,800 (or above 64,600), short at around 69,800 (activate strategy if profitable and manage accordingly)

Ethereum Technical Analysis——
In the previous analysis, the short-term buy at around 1,820 accurately executed, with a move of about 70 dollars, consistent with expectations. On the four-hour chart, the price was resisted near the 7 moving average, so this level can be watched in the short term. The overall technical outlook can reference Bitcoin’s movement. Short-term resistance is around 2,020, support around 1,800. Short-term trading suggestions;

Ethereum Short-term Strategy: Short at 1,988, long at 1,820 (activate strategy if profitable and manage accordingly)

— 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! Let’s share insights and profit together! #BTC触底66000 #ZEC逆势上涨