Bitcoin Technical Analysis————
In the previous article, a short position was opened at 119600, yielding a profit of around 2000 dollars. The daily chart of Bitcoin shows that the previous candlestick closed bullish, standing above the 7-day moving average. The market opened today, testing the 7-day moving average again, with the Bollinger Bands opening and short-term moving averages running upwards. The MACD fast and slow lines are extending upwards, showing signs of a turnaround, while the volume bars are decreasing. The KDJ indicators have crossed down, and the VR index is consolidating around the 180 value. On the 4-hour chart, the market has fluctuated upward, breaking through the middle track but then falling back again. The Bollinger Bands are in a flat state, with short-term moving averages running around the middle track. The MACD fast and slow lines are extending downwards, indicating increasing volume, while KDJ has crossed down and the VR index is consolidating around the 130 value. Overall, the market trend is in line with expectations, maintaining a fluctuating adjustment. The short-term outlook remains unchanged, continuing to see range oscillation. It is worth noting that there have been recent reports of large holders selling off; if there is a strong upward surge later, caution is advised. Looking at the short term.
Bitcoin short-term suggestion: 119600 short, 116580 long (strategy activation and profit should be handled independently)
Ethereum continues to rebound, in line with the expectations of Bitcoin's sideways consolidation. Currently testing below 3500, this market may experience sudden drops for liquidation at any time, as there are also reports of selling. Therefore, caution is necessary in the short term, and regardless of long or short positions, proper arrangements should be made. For defense, effective risk control must be implemented. In the short term, focus on the resistance below around 3600 and support above around 3280. Looking at the short term.
Ethereum short-term suggestion: 3580 short, 3330 long (for more analyses on other cryptocurrencies, click on the image to view the homepage introduction.