The above strategy for Bitcoin is to short at 95300, and for Ethereum Classic at 1838. Once again, precise transactions were made, with Bitcoin showing a range of about 1500 dollars and Ethereum Classic showing a range of over 50 dollars.
Bitcoin Technical Analysis ————
Looking at the daily chart, Bitcoin continues to maintain a high-level range fluctuation. The previous candlestick closed bearish, and there was a slight rebound at the opening today, once again testing the 7-day moving average. The Bollinger Bands are opening upwards, and the short-term moving averages continue to align upwards. The MACD fast and slow lines are extending upwards with signs of a turn, while the volume bars continue to shrink. The KDJ is turning downwards, and the VR indicator is consolidating around the 260 level. On the 4-hour chart, the price continues to stay within the Bollinger Bands range, which are narrowing and flattening out. The short-term moving averages are revolving around the middle track. The MACD fast and slow lines are extending downwards with increasing volume, and the KDJ is crossing downwards. The VR indicator is consolidating near the 100 level. Overall, the market has not broken the range temporarily, but Yuying believes that the point of change is getting closer, likely within the next 2 days. Short-term operations should continue to be referenced according to the previous ideas, and adjustments should be made after a breakout occurs. The strategy remains unchanged, focusing on short-term recommendations.
Bitcoin Short-Term Recommendation: Short at 95300, (short at 96600), long at 92800 (long at 91880) (activate the strategy and take profit at your discretion)
Ethereum Classic Technical Analysis ————
The daily chart for Ethereum Classic also shows no changes, so it similarly follows Bitcoin for reference, with the short-term strategy remaining unchanged. If the resistance above continues to hold, the probability of a downward move will increase, and the short-term strategy should continue to refer to the previous section for recommendations.
Ethereum Classic Short-Term Recommendation: Short at 1838 (short at 1888), long at 1738 (long at 1688) (activate the strategy and take profit at your discretion)