Yue Ying: 1.18 Bitcoin and Ethereum Market Analysis Today US Stocks Closed for Three Days Weekend Brief Review

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Bitcoin Technical Analysis ————

Bitcoin daily chart shows the market oscillating and retracing, with consecutive small bearish candles. The opening price is supported around the 7-day moving average. The Bollinger Bands are expanding upward, and the short-term moving averages are extending upward. The MACD fast and slow lines are above the zero line, showing signs of turning. The volume bars are decreasing. The KDJ is turning downward. The VR indicator is consolidating near 120. On the 4-hour chart, after breaking below the middle band, the price is encountering resistance below it, maintaining a small range oscillation. The Bollinger Bands are narrowing and flattening. The short-term moving averages show signs of turning. The MACD fast and slow lines are extending downward, with decreasing volume. The KDJ is crossing downward. The VR indicator is consolidating near 180. Overall, the market is in a range-bound oscillation, with poor liquidity and light trading over the weekend. Therefore, the short-term outlook remains bullish within the range. Support is near the lower Bollinger Band on the 4-hour chart, and resistance is near the upper band. Short-term trading is recommended.

Bitcoin Short-term Suggestion: 94600 Long (Activate strategy with profit, trade at your own risk)

Yitai Technical Analysis ————

Yitai daily and 4-hour charts are linked with Bitcoin reference. The short-term key support below is around 3250. As long as it holds during retracement, a rebound can be expected relying on this support. The resistance above continues to be near the previous high. The weekend market requires more patience. Short-term trading is advised.

Yitai Short-term Suggestion: 3288 Long (Activate strategy with profit, trade at your own risk)

—— I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to communicate and learn with me! Let’s share insights and profit together! #BTC #ETH