Yue Ying: Analysis of Bitcoin and Ethereum Market on 12.2, the rebound is an opportunity, a new low is coming
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Bitcoin Technical Analysis————
The daily chart of Bitcoin shows that it dropped over 6000 USD yesterday, with the previous candle closing with a small shadow line and a slight rebound before the market opened, fluctuating and adjusting. The Bollinger Bands are in a contracted state, and the short-term moving averages are turning down. The MACD fast and slow lines intersect and run upwards, showing signs of a turn, with the volume shrinking. The KDJ crosses down, and the VR indicator is consolidating around the 40 value. In the four-hour chart, after breaking the lower track, there was a continuous upward rebound above the 7-day moving average. The Bollinger Bands are in a contracted state, and the short-term moving averages are arranged downwards. The MACD fast and slow lines have broken below the 0 axis and show signs of a turn, with the volume shrinking. The KDJ crosses upwards, and the VR indicator is consolidating around the 90 value. Overall, although the market has stopped falling and rebounded, it is still in a bearish trend. The short-term strategy remains unchanged, continuing to short around the rebound, with short-term support below at 85000. If it breaks, pay attention to the previous low, and consider short-term suggestions.
Bitcoin Short-term Suggestion: Current Price 87000 Short (Strategy activated, profit to be managed independently)
Ethereum Technical Analysis————
The previous short position for Ethereum was off by about a dozen dollars, but the overall direction is correct. The market is rebounding from support above 2700 and is currently testing short-term resistance. The daily and 4-hour technical analysis is in sync with Bitcoin as a reference. The short-term support is around 2730, and if it breaks, it will continue to test around 2650. The short-term view remains bearish, focusing on short-term suggestions.
Ethereum Short-term Suggestion: Current Price 2805 Short (Strategy activated, profit to be managed independently)
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