Yueying: Bitcoin and Ethereum Market Analysis for January 27th - Can Bitcoin's Long Positions Achieve a V-Shaped Reversal? (Intraday Short-Term Analysis Included)

The long position in Bitcoin at 87300 has currently moved about 1600 dollars. Looking at the daily chart, the previous day's candlestick was a solid bullish candle, recovering the previous day's losses. Intraday, the price opened higher and tested the 7-day moving average, encountering resistance and pulling back slightly. The Bollinger Bands are slightly widening, and the short-term moving averages are flattening. The MACD fast and slow lines have broken below the zero line and are moving downwards with decreasing volume. The KDJ has found support and crossed upwards, while the VR indicator is consolidating around 110. On the 4-hour chart, the price has broken through the middle Bollinger Band but hasn't yet stabilized. The Bollinger Bands are narrowing, and the short-term moving averages are turning upwards. The MACD fast and slow lines have crossed upwards again, and the volume bars are turning red with increasing volume. The KDJ is extending upwards but is encountering resistance near 100 and shows signs of turning downwards. The VR indicator is consolidating around 100. Overall, although the price has rebounded, it hasn't broken through the key short-term resistance. Whether this rebound can continue depends on the resistance levels above. Support remains to be seen above the previous low, while resistance is below 91000. This is a short-term trading suggestion. Bitcoin Short-Term Trading Suggestions: Buy at 87200, Sell at 90500 (Take profits as needed). Ethereum (BTC) saw a rebound from 2870 after the previous buy at 2860, but hasn't broken out significantly. Daily and 4-hour technical indicators are linked for Bitcoin's reference. Today's daily close is crucial. If it can hold above the support level, there's a high probability of a bottoming out; otherwise, it will open a new downtrend and test lower support levels. Continue to enter positions above the previous low, with resistance around 3050. See short-term suggestions below. Ethereum (BTC) Short-Term Trading Suggestions: Sell at 3015, Buy at 2860 (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!