Yueying: Bitcoin and Ethereum Market Analysis for December 7th - Weekend consolidation ends, expect a rebound with current price recommendations.

Looking at the daily chart for Bitcoin, after Friday's pullback and closing with a bearish candle, the price entered a narrow range of consolidation over the weekend, closing with a small candle. The Bollinger Bands remain flat, with short-term moving averages hovering around the middle band. The MACD fast and slow lines are extending upwards with decreasing volume, the KDJ has crossed downwards again, and the VR indicator is consolidating around the 45 value. On the 4-hour chart, the price is moving within a small range, flattening out. The Bollinger Bands are narrowing, and short-term moving averages are turning upwards. The MACD fast and slow lines, after falling below the zero line, show signs of turning upwards with decreasing volume. The KDJ is crossing upwards, and the VR indicator is consolidating around the 90 value. Overall, the narrow range consolidation over the weekend was expected, with light trading. The candlestick pattern suggests a bottoming out and stabilization, and a rebound is expected after consolidation. In the short term, the focus is on a rebound to test resistance. Short-term recommendations are as follows. Bitcoin Short-Term Recommendation: Currently at 89350, buy more (take profits as needed after strategy activation). Ethereum's technical analysis is similar to Bitcoin's, currently showing the same overall trend. The daily chart shows support at the middle Bollinger Band, and after the weekend's consolidation, it has stabilized. Expect a rebound. The 4-hour Bollinger Bands are starting to narrow, and the price has risen above the 7-period moving average. The strategy is also similar to Bitcoin, focusing on a rebound. See short-term recommendation. Ethereum Short-Term Recommendation: Currently at 3040, buy more (click the image to see the homepage introduction for more cryptocurrency analysis). — 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!