Yueying: Bitcoin and Ethereum Market Analysis (January 16th) - High-Level Consolidation, Bull-Bear Battle Enters Intense Phase (with Short-Term Suggestions)

Looking at the daily chart for Bitcoin, the price action was met with resistance after a surge, with the previous candlestick closing bearish. Intraday trading saw slight fluctuations and consolidation. The Bollinger Bands are slightly widening, short-term moving averages are trending upwards, the MACD fast and slow lines are extending upwards with decreasing volume, the KDJ is showing signs of turning upwards, and the VR indicator is consolidating around 110. On the 4-hour chart, the price dipped slightly overnight, finding support around the middle Bollinger Band and showing signs of stabilization. The Bollinger Bands are narrowing, short-term moving averages are flattening, the MACD fast and slow lines are crossing downwards with increasing volume and turning green, the KDJ is extending downwards with signs of turning downwards (watch for support around 0), and the VR indicator is consolidating around 280. Overall, after a continuous upward move, the price encountered resistance below 98000. Therefore, 98000 is a key level in the short term. If it fails to break through and stabilize, a pullback is expected; conversely, it may continue upwards to test the 10000 level. Therefore, short-term price action is crucial for the overall market structure and should be closely monitored. Currently, the support around the 4-hour middle Bollinger Band is being used as a reference for short-term trading recommendations. Bitcoin Short-Term Trading Suggestions: Short at 97300, Long at 95200 (Take profits as needed after strategy activation). While the long position on Ethereum mentioned above was accurately positioned, it hasn't seen significant movement yet. Considering the daily and 4-hour technical charts, watch for resistance around the previous high. Support is also around the 4-hour moving average. A break below 3250 would likely lead to further downward testing. See short-term suggestions below. Ethereum Short-Term Trading Suggestions: Short at 3386, Long at 3288 (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!