Yueying: Bitcoin and Ethereum Market Analysis Today (January 7th) - Too Many Orders Accurately Executed, Awaiting Testing of New Resistance and Expecting a Pullback

The previous long position on Bitcoin only moved within a range of about $1600. Looking at the daily chart, the price action was blocked and pulled back, with the previous candlestick closing as a doji with a long lower shadow. The price opened lower again today and tested the Bollinger Bands, which are now widening. The short-term moving averages are trending upwards. The MACD fast and slow lines have broken through the zero line and are showing signs of turning slightly downwards. The volume bars are shrinking again. The KDJ indicator is blocked near the 100 value and is turning downwards. The VR indicator is consolidating near the 90 value. The 4-hour chart shows a volatile, alternating up-and-down trend after a slight dip in the early morning. Currently, it's finding support around the middle Bollinger Band. The Bollinger Bands are trending upwards but showing signs of narrowing. Short-term moving averages are turning downwards. The MACD fast and slow lines have crossed downwards at a high level, with increasing volume. The KDJ indicator has turned downwards again, and the VR indicator is consolidating around 140. Overall, the market has been slowly rising since its start. After yesterday's slight dip, the price has recovered, without changing the short-term structure. Slow-rising markets are prone to sharp drops, so avoid chasing the market in the short term. Instead, focus on support and resistance levels. Continue to watch the 4-hour middle Bollinger Band for support. The resistance levels mentioned above remain unchanged. Bitcoin short-term recommendations: Buy at 92800, sell at 95000 (or 96600). The long position on Ethereum at 3188 mentioned above rebounded after a pullback to 3180, resulting in a precise entry and a profit of approximately 120 dollars. The daily technical chart differs slightly from Bitcoin's. The previous candlestick closed as a solid bullish candle above the upper Bollinger Band, indicating slightly stronger momentum compared to Bitcoin. However, the overall technical analysis should still be linked to Bitcoin. Given the current macroeconomic environment, it's difficult for Ethereum to establish its own independent trend. Short-term support is around 3200, while resistance remains around the daily EMA200. For short-term trading suggestions, see: Ethereum short-term suggestion: Buy at 3250, sell at 3346 (Click the image to see the homepage introduction for more cryptocurrency analysis) — I am Zhou Yueying.