Yueying: August 9 Bitcoin and Ethereum Market Analysis: The Range Remains Unchanged; Patiently Wait for the New Structure Next Week—Here Is Today's Analysis!
Bitcoin Technical Analysis————
On Bitcoin's daily chart, the previous candle closed as a bullish doji, with a false break above the 65,000 area followed by a pullback. Intraday trading opened and remained in a narrow high-level consolidation. The Bollinger Bands are flattening, while the short-term moving averages are trending upward. The MACD fast and slow lines are moving upward, and the red volume bars continue to expand. KDJ is extending upward, with attention on resistance near the 100 level. The VR indicator is consolidating near 110. On the four-hour chart, the market is slowly rising after finding support at the middle band. The Bollinger Bands are running parallel and upward, with the short-term moving averages arranged in parallel. The MACD fast and slow lines are crossing and moving downward, while the green volume bars are shrinking. KDJ is turning upward, with attention on resistance near the 50 level. The VR indicator is consolidating near 130. Overall, the market continues to maintain a narrow-range consolidation. Weekend trading is even quieter, with little change. Watch whether anything changes tonight. From a technical perspective, continue to focus on the levels mentioned previously. In the short term, watch the resistance around 66,000; if it is not broken, continue to look for a pullback. Below, watch the short-term support around 63,800; a breakdown would bring the previously mentioned horizontal support around 62,000 into focus. Use the reference resistance and support levels to enter short-term trades, and consider the following short-term recommendation:
Bitcoin short-term recommendation: Short at 65,300. (Once the strategy is activated, manage any profits at your own discretion.)
Ethereum Technical Analysis————
Ethereum is consolidating in a narrow range above 1,900, and the short-term market structure remains unchanged. The overall technical trends on the daily and four-hour charts can be analyzed in conjunction with Bitcoin. In the short term, watch the resistance around 1,950 and support around 1,850. Adjust the strategy if either level breaks, and consider the following short-term recommendation.
Ethereum short-term recommendation: Short at 1,930. (Once the strategy is activated, manage any profits at your own discretion.)
——I am Zhou Yueying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to communicate and learn trading with me! Let us communicate and profit together! $BTC #MoonshotAIPreIPOs开启 $ETH