Yueying: Bitcoin and Ethereum Market Analysis for December 16th - Will the Non-Farm Payrolls Report Lead to a Bullish Rebound? (Short-Term Trading Suggestions)

Bitcoin's daily chart shows a pullback after encountering resistance at the middle Bollinger Band, resulting in a bearish candlestick. Intraday trading opened with oscillations around the lower Bollinger Band, which is slightly widening. Short-term moving averages show a slight downward turn. The MACD fast and slow lines have crossed downwards, with the histogram turning green and showing slight volume. The KDJ is trending downwards; watch for support near the 0 level. The VR indicator is consolidating around 70. On the 4-hour chart, after a sharp drop below the lower Bollinger Band in the evening, the price has rebounded above it. The Bollinger Bands are widening, short-term moving averages are trending downwards, the MACD fast and slow lines are trending downwards with decreasing volume, the KDJ is showing signs of turning downwards again, and the VR indicator is consolidating around 60. Overall, the market is in a downward trending structure, but it's testing support in the short term. If the support holds, a rebound is expected tonight. The non-farm payroll data release tonight will definitely impact short-term volatility; be wary of market manipulation and avoid blindly chasing the price. Resistance is seen below 89000, and support is seen above 83000. This is a short-term trading suggestion. Bitcoin short-term trading suggestions: Short at 88800, Long at 83500 (Take profits as needed after strategy activation). Ethereum retraced and briefly broke below 2900 before recovering temporarily. It is currently trading around the lower Bollinger Band. Overall, its technical indicators are correlated with Bitcoin. Due to news events, short-term volatility may be significant. Watch for resistance around 3100 and support around 2800. See short-term suggestions below. Ethereum short-term trading suggestions: Short at 3080, Long at 2830 (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!