Yueying: September 15th Bitcoin and Ethereum Market Analysis: Will Bitcoin Return to 120,000 This Week? Attached: Intraday Short-Term Trends

Technical Analysis of Big Pancake: The aforementioned strategy for Big Pancake saw over $1,000 worth of gains at 115,300. The short position at 116,400 was met with resistance near 116,700, indicating a correct decline. On the daily chart, the weekend's volatility did not break below the 60-day moving average. The intraday opening tested upwards but encountered resistance at the upper band. The Bollinger Bands are slightly open, with the short-term moving average trending upward. The MACD fast and slow lines extended upwards, breaking through the 0-axis, with volume shrinking. The KDJ index turned downwards at resistance, and the VR indicator is consolidating near 100. On the four-hour chart, the market broke through the previous high before closing, with the Bollinger Bands narrowing. The short-term moving average is converging around the middle band. The MACD fast and slow lines crossed downwards, with volume increasing again. The KDJ index turned downwards, but encountered resistance again, and the VR indicator is consolidating near 130. Overall, the market continues to fluctuate at a high level. Key support on the daily chart lies near the 60-day and 7-day moving averages. A break below this level could lead to a test of the 30-day moving average and the middle band. Short-term resistance remains focused on previous highs, providing short-term support. Bitcoin short-term recommendation: long 114500 (long 113400), short 116300 (short 117500). The rebound from the 4588 long position I mentioned above was limited, with around $80 of resistance remaining. On the daily chart, the market is facing resistance at the upper Bollinger Bands, flattening out and currently testing support at the 7-day moving average. On the four-hour chart, the market has fallen below the middle band again, with the upper short-term moving average turning around to form resistance. There are signs of a potential downward test. Focus on support around 4480 below and resistance below 4680 above. Here's my short-term recommendation: long 4508 (long 4430), short 4636 (short 4725). (For more currency analysis, click on the image to view my homepage profile.) — I'm Zhou Yueying, a dedicated technical analysis instructor. If you have any questions about trading or trends, please feel free to discuss and learn with me!