Yueying: Bitcoin and Ethereum Market Analysis (December 17th) - The battle between bulls and bears has intensified, and Ethereum is expected to break out of its trading range.

Looking at the daily chart for Bitcoin, the previous candlestick closed positive, indicating a halt to the decline. However, the intraday opening lacked follow-through, and the price retested the lower Bollinger Band area. The Bollinger Bands are slightly widening, and short-term moving averages are turning downwards. The MACD fast and slow lines have crossed, and the volume bars are turning green with slight volume increases. The KDJ found support near the 0 value and turned upwards, while the VR indicator is consolidating around the 100 value. On the four-hour chart, the price encountered resistance below the middle Bollinger Band and retraced again. The Bollinger Bands are trending downwards and showing signs of narrowing. Short-term moving averages are starting to turn upwards, and the MACD fast and slow lines have crossed upwards with slightly increasing volume bars. The KDJ is extending upwards but shows signs of turning downwards, while the VR indicator is consolidating around the 70 value. Overall, yesterday's non-farm payroll data did not bring significant movement, and the short-term overall structure remains unchanged, still in a consolidation phase. The resistance around 89000 can be considered, while the short-term support is around 85000. This is a short-term trading suggestion. Bitcoin short-term trading suggestions: Short at 88800, Long at 85500 (Take profits as needed after strategy activation). Ethereum's volatility is lower than Bitcoin's and it's currently consolidating in a small range at a low level. Although the daily and 4-hour indicators are biased towards weakness, we shouldn't be overly bearish in the short term. Watch for support around 2800. A breakout of the upper edge of the current small range could target resistance around 3100. Intraday short-term trading should refer to this area. See short-term suggestions below. Ethereum short-term trading suggestions: Short at 3080, Long at 2850 (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!