Yueying: 9.30 Bitcoin and Ethereum market analysis today. The monthly line is about to end. Can Bitcoin continue to rebound?
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Technical Analysis of Big Pancake Auntie: Looking at the daily chart, the previous candlestick closed with a large real-body bullish candlestick, breaking through the 7-day moving average, ushering in a rebound. However, the intraday opening did not continue the strong performance, instead experiencing a period of volatile correction. The Bollinger Bands are flattening, indicating a turning point at the 7-day moving average. The MACD fast and slow lines are trending downward, with shrinking volume bars and the KDJ crossover upward. The VR indicator is consolidating near 100. Looking at the 4-hour chart, the market broke through the upper band with consecutive positive days, but encountered resistance near the 60-day moving average and retreated. The Bollinger Bands are opening, indicating a turning point at the short-term moving average. The MACD fast and slow lines are extending upward, with increasing volume bars. The KDJ crossover turned downward near 100, and the VR indicator is consolidating near 80. Overall, this rebound is quite strong within the recent weak structure. Next, attention should be paid to resistance near the daily middle band, which has also been a resistance zone. Support below is the 7-day moving average. Whether the rebound can continue depends on whether the upper resistance can be broken through and stabilized. Looking at the 4-hour chart, short-term resistance lies below 114000, while support lies above 110500. Here's a short-term recommendation. Bitcoin short-term recommendation: short at 113200, long at 111000 (strategy activation yields profit). Technical Analysis: Bitcoin's recent technical trends are highly correlated with Bitcoin, so we're not just looking at technical indicators separately, but also at Bitcoin itself. In the short term, previous resistance around 4200 can continue to be a reference, while support above 4000 is a reference below for intraday short-term recommendations. Short-term recommendation: short at 4185, long at 4058 (for more currency analysis, click on the image to see my profile on the homepage). I'm Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Sharing and profiting together!
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