Bitcoin Ethereum Technical Analysis————
The daily chart shows a bearish close on the previous candle, with the intraday opening continuing to test the support around 103000 for a rebound. The Bollinger Bands are in a flat state, with the short-term moving averages hovering around the middle band. The MACD fast and slow lines have crossed downwards again, with increasing volume bars, and the KDJ has turned downwards after forming a cross. The VR indicator is consolidating around the 110 value. On the 4-hour chart, the price has fallen below the lower band and has been recovered, with the Bollinger Bands opening up, and the short-term moving averages turning down. The MACD fast and slow lines have broken below the 0 axis and extended downwards, with volume bars decreasing. The KDJ is crossing upwards while the VR indicator is consolidating around the 70 value. Overall, this wave of decline may have been prolonged due to geopolitical influences, but as long as the key support below holds, a rebound is expected in the short term, with short-term resistance to watch at around 107000. Short-term trading advice is suggested.
Short-term advice for Bitcoin: short at 106600 (short at 108700), long at 103800 (long at 101800) (strategy activation has profits, manage it yourself)
Ethereum has also followed the decline of Bitcoin, rebounding after testing support. The technical analysis is linked to Bitcoin for reference, with the short-term key support below at around 2400 and 2300. For resistance, we will temporarily refer to the previous upper edge of the range. Short-term trading advice is suggested. PS: If Bitcoin or Ethereum breaks key support, be cautious with long positions.
Short-term advice for Ethereum: short at 2600 (short at 2688), long at 2478 (long at 2380). More analysis on other cryptocurrencies can be found by clicking the image to see the homepage introduction.
