Yueying: Bitcoin and Ethereum Market Analysis (November 17th) - The tug-of-war around the 3000 mark for Ethereum intensifies; has the bottom appeared?

Bitcoin Technical Analysis — Bitcoin's upward trend from 92800 rebounded around 92900. Looking at the daily chart, after Saturday's small positive close and consolidation, Sunday closed negative with a new low. Intraday opening saw a rebound, but the Bollinger Bands continue to trend downwards, with short-term moving averages extending downwards. The MACD fast and slow lines turned downwards again after a brief reversal, with the volume bars decreasing. The KDJ found support and turned upwards, while the VR indicator consolidated around 50. The four-hour chart shows a new low close with support at the lower Bollinger Band, followed by a slight rebound. It is currently testing the middle Bollinger Band. The Bollinger Bands are narrowing, and short-term moving averages show signs of turning upwards. The MACD fast and slow lines crossed upwards with increasing volume bars. The KDJ crossed upwards, and the VR indicator consolidated around 60. Overall, the market remains in a low-level consolidation. Short-term resistance remains around 97000. If it cannot break through and stabilize, it will likely retrace again. Whether a reversal can occur in this extremely weak technical situation depends on the news this week. Short-term support is at 94000, followed by the previous low. See short-term recommendations. Bitcoin Short-Term Trading Suggestions: Buy at 94800 (or 93600), Sell at 96600 (Take profits as needed after strategy activation). Ethereum's movement is in line with recent expectations. Previously, we emphasized looking for a rebound around 3000. Currently, the low hasn't broken 3000. The overall technical trend can be referenced in conjunction with Bitcoin. Support continues around 3000, while resistance is around 3300. If this level is broken, watch for resistance around 3380. See short-term suggestions for Ethereum short-term trading: Buy at 3088, Sell at 3235 (or 3338) (Take profits as needed after strategy activation). —I am 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! Let's exchange ideas and profit together!