Yue Ying: Bitcoin and Ethereum Market Analysis for 2.14 - The Previous High Resistance Is a Short-Term Bull Trap

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Bitcoin Technical Analysis ————

The long position strategy at 66 on Bitcoin has been realized, currently moving around a $2000 range. The daily chart shows a doji evening star candlestick pattern, with the opening price at the start of the day testing the 7-day moving average again. The Bollinger Bands are trending downward with signs of a turn, the short-term moving averages are flattening and beginning to turn, the MACD fast and slow lines continue to extend downward but are starting to turn, the volume bars are shrinking, the KDJ indicator is moving upward again, and the VR indicator is consolidating near the 50 level. On the 4-hour chart, the market temporarily broke below the previous low and found support near the lower band, then tested and broke through the middle band. The Bollinger Bands are narrowing and flattening, the short-term moving averages are around the middle band, the MACD fast and slow lines are crossing upward, volume is slightly increasing, the KDJ is crossing upward, and the VR indicator is consolidating near 70. Overall, the market continues to show weak oscillation. The short-term outlook remains unchanged: if the resistance above cannot be broken, expect continued sideways movement downward. Currently, focus on the confluence resistance zone around the 4-hour upper band and the 60-day moving average. Next, watch the previous high around 92,000. Support levels are around 66,000. CPI data release and increased expectations for rate cuts suggest a higher probability of range-bound oscillation over the weekend. Short-term trading is recommended.

Bitcoin Short-Term Strategy: Short at 69,500 (short at 71,500), long at 66,000 (strategy activation with profit, manage at will)

Auntie Tech Analysis ————

Auntie’s short-term long position at 1888 was just missed. Overall technicals follow Bitcoin’s reference. The short-term resistance remains around 2100, then the previous high. Support is around 1900. Follow the short-term advice.

Auntie Short-Term Strategy: Short at 2080 (short at 2135), long at 1930 (strategy activation with profit, manage at will)

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