Yue Ying: 1.8 Bitcoin Auntie Today Market Analysis - Auntie's Daily Line Continues Bullish, End of Consecutive Positive Days?
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Bitcoin Technical Analysis ————
Bitcoin daily chart shows the previous K closed with a bearish candlestick breaking below the 7-day moving average. The market opened at the 7 MA and faced resistance, currently testing the 60-day moving average. The Bollinger Bands are narrowing and flattening. Short-term moving averages show signs of turning down, MACD fast and slow lines have broken above the zero axis and are turning, volume bars are decreasing, KDJ is crossing downward, and the VR indicator is consolidating near 85.
On the 4-hour chart, after breaking below the middle band, the price has been moving downward with consecutive bearish candles, currently testing the lower band. The Bollinger Bands are slightly opening, short-term moving averages are turning downward, MACD lines are crossing downward with increasing volume, KDJ is heading down, and support is near the 0 level. The VR indicator is consolidating near 100.
Overall, this rebound of over 7000 dollars has entered a retracement correction. If key support levels are not broken, the correction will complete and the price will test higher again. The short-term support consensus is around 90000, so there is room for a false breakout. Watch the support above 88800, and in the short term, resistance is around 93000. Short-term trading advice.
Bitcoin Short-term Trading Advice: Short at 92500, Long at 89300 (Activate strategy for profit, self-managed)
Auntie’s Technical Analysis ————
Auntie’s daily strong bullish candle did not continue; instead, it followed Bitcoin with a bearish candle, still unable to break free from following the trend. The second is only following the first. No need to say more about the technicals; refer to Bitcoin for reference. The short-term top is around 3300, so after the rebound, consider entering short positions below that. The key short-term support is around 3050. Retracement to the 4-hour 60-day moving average and EMA200 suggests a rebound. Short-term trading advice.
Auntie’s Short-term Trading Advice: Short at 3238, Long at 3088 (Activate strategy for profit, self-managed)
— I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to exchange and learn with me! Let’s share and profit together! #BTC #ETH