Yueying: July 9 Bitcoin and Ethereum Market Analysis — Rebound Blocked, New Downtrend Starting? Short-term Strategy Included. Let's check today's analysis!

Bitcoin Technical Analysis:
On the daily chart, the previous candle closed with a long lower wick after breaking below the middle Bollinger Band, then bounced back. The intraday opening is consolidating narrowly around the 7-day moving average and the middle band. The Bollinger Bands are flat, short-term moving averages are parallel, the MACD fast and slow lines are moving upward with shrinking red histogram bars, the KDJ three lines are crossing downward — watch for support near the 50 level, and the VR indicator is consolidating around 100. On the 4-hour chart, price is oscillating repeatedly around the lower band and the 60-day moving average, currently testing the minor resistance at the 7-day MA again. The Bollinger Bands are opening downward, short-term moving averages are sloping down, the MACD fast and slow lines are extending downward, green histogram bars are alternating between expanding and contracting, KDJ found support near 0 and turned upward, and VR is consolidating near 110. Overall, after being rejected at resistance, price pulled back without breaking the high-level resistance, showing signs of further downside testing. Short-term resistance to watch is around the 63,200 area, support around 60,000. Refer to these support/resistance levels for short-term trades. See short-term suggestions.

Bitcoin short-term suggestion: Long at 60,800, short at 62,800 (activate the strategy and take profits on your own)

Ethereum Technical Analysis:
Ethereum followed Bitcoin's pullback to around 1,700 then bounced but with limited strength. On the 4-hour chart, the K-line is currently testing the minor resistance at the 7-day MA; if it breaks, a continuation could be expected. The overall technical trend is in line with Bitcoin for reference. Short-term resistance to watch is around the 1,830 area, support continues to reference the daily chart's middle band. See short-term suggestions.

Ethereum short-term suggestion: Long at 1,690, short at 1,780 (activate the strategy and take profits on your own)

——I am Zhou Yueying, a technical analyst. Anyone with questions about operations or trends is welcome to communicate and learn with me! Let's exchange ideas and profit together! $BTC ‌#USD1链上质押享年化8.88%