Yueying: Bitcoin and Ethereum Market Analysis (January 20th) - Will the price continue to fall tonight after retesting the support zone, or will it stop falling and rebound?

Bitcoin's daily chart shows a six-day losing streak, breaking below the middle Bollinger Band support and testing the 60-day moving average. The Bollinger Bands are narrowing, and short-term moving averages are turning downwards. The MACD fast and slow lines have crossed downwards, with the volume bars turning green and increasing in volume. The KDJ indicator is extending downwards; watch for support near the zero line. The VR indicator is consolidating around the 100 level. On the 4-hour chart, after breaking below the lower Bollinger Band, the price rebounded but failed to break through the 60-day moving average, then continued to fall, breaking below the lower Bollinger Band and the EMA200 again. Currently, it's trading below the lower Bollinger Band. The Bollinger Bands are widening, and short-term moving averages are trending downwards. The MACD fast and slow lines have broken below the zero line and are extending downwards, with the volume bars increasing again. The KDJ indicator has turned downwards multiple times without forming a crossover, maintaining a downward pattern. Watch for support near the zero line; the VR indicator is consolidating around the 50 level. Overall, the price has returned to the previous consolidation zone. Although the indicators are bearish, this is also a previous support area, so there's a probability of further downward testing and a close below the zero line in the short term. Excessive bearishness is not advisable. For short-term trading, pay attention to the support level above 89500 and the resistance level below 94000. See short-term suggestions. Bitcoin short-term suggestions: Buy at 90200, Sell at 93800 (manage profits as needed). Ethereum's overall technical trend is the same as Bitcoin's; refer to it accordingly. Since the price has returned to the previous support area, short-term support is above 3050, and resistance is below 3250. See short-term suggestions. Ethereum short-term suggestions: Buy at 3080, Sell at 3218 (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!