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Yue Ying: 12.17 Bitcoin and Ethereum Market Analysis Today, Bull and Bear Tug-of-War Entering a White-Hot Stage Is Ethereum Breakout Possible?
I am Zhou Yue Ying. Friends who like the article, please follow me and see today's share!
Bitcoin Technical Analysis————
Looking at the daily chart, Bitcoin's previous candle closed bullish, stopping the decline. The opening today did not continue the upward move, testing the lower band of the Bollinger Bands again. The bands are slightly opening, short-term moving averages are turning downward, MACD fast and slow lines are turning and crossing, with volume bars turning green and slightly increasing. KDJ is supported near the 0 level and turning upward. The VR indicator is consolidating around 100. On the 4-hour chart, the price faced resistance below the midline and retraced again. The Bollinger Bands are trending downward with signs of narrowing. Short-term moving averages are beginning to turn upward, MACD fast and slow lines are crossing and moving upward, with volume bars slightly increasing. KDJ is extending upward but shows signs of turning downward. The VR indicator is consolidating near 70. Overall, yesterday's non-farm payroll data did not cause significant movement, and the overall structure remains unchanged, still in a phase of oscillation and adjustment. Resistance around 89,000 can continue to be referenced. Short-term support is around 85,000, focus on the upper side. For short-term trading.
Bitcoin Short-term Strategy: Short at 88,800, Long at 85,500 (activate strategy, profit is yours to grasp)
Yue Tai Technical Analysis————
Yue Tai's volatility is smaller than Bitcoin's, currently in a low-range small box oscillation and adjustment. Although the daily and 4-hour indicators are somewhat weak, short-term outlook should not be overly bearish. Watch for support above 2800. If the small box's upper boundary is broken, look for resistance around 3100. For intraday short-term reference, monitor this area. Short-term trading suggestions.
Yue Tai Short-term Strategy: Short at 3080, Long at 2850 (activate strategy, profit is yours to grasp)
—— 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