Yueying: Bitcoin and Ethereum Market Analysis (December 10th) - Has the Interest Rate Cut Benefit Been Paid Off? Latest Short-Term Trading Tips Included

Looking at the daily chart for Bitcoin, the previous candlestick closed bullish but encountered resistance at the upper Bollinger Band, pulling back with an upper shadow. Intraday trading has entered a narrow range, with the Bollinger Bands flattening and short-term moving averages continuing to hover around the middle band. The MACD fast and slow lines are extending upwards with increasing volume, and the KDJ indicator has crossed upwards again, while the VR indicator is consolidating around 70. On the 4-hour chart, last night's consecutive bullish candles broke through the upper Bollinger Band but encountered resistance around the EMA200 before pulling back. Currently, it's trading below the upper Bollinger Band with a slightly widening Bollinger Band. Short-term moving averages are turning upwards, the MACD fast and slow lines are moving upwards again with decreasing volume, the KDJ indicator has crossed downwards, and the VR indicator is consolidating around 60. Overall, the price action has broken out of the narrow range of the past few days, but it's important to note that it hasn't broken through key resistance levels. The interest rate meeting in the early morning may cause short-term market volatility, and the risk of "buying the rumor, selling the news" should also be considered. Continue to watch for resistance around the 4-hour upper Bollinger Band and the EMA200 area, and support around the middle Bollinger Band. See short-term trading recommendations below. Bitcoin Short-Term Trading Suggestions: Short at 93800, Long at 91280 (Take profits as needed after strategy activation). Ethereum's daily chart shows a stronger rebound than Bitcoin, currently trading above the upper Bollinger Band with the bands widening. The 4-hour Bollinger Bands are also widening, with short-term moving averages trending upwards. Technically, these two levels indicate two resistance points: the previous high and the intersection of the 200-day and 60-day EMAs. Support is seen above the 4-hour middle Bollinger Band. See short-term suggestions for Ethereum: Short at 3375 (or 3438), Long at 3180 (Click the image to see the homepage introduction for more cryptocurrency analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me about trading and trends! Let's exchange ideas and profit together!