Yueying: Bitcoin and Ethereum Market Analysis (January 28th) - Short-term resistance failed to break, will a sharp drop follow? (Short-term suggestions included)

The strategy mentioned above for Bitcoin at 87200 accurately yielded a move of approximately $2000. Looking at the daily chart, the previous candlestick closed bullish, breaking through the 7-day moving average. Intraday trading opened above this level, with the Bollinger Bands maintaining a slight opening. Short-term moving averages are flattening, the MACD fast and slow lines show signs of turning upwards, and the volume bars are decreasing. The KDJ indicator is crossing upwards, and the VR indicator is consolidating around 110. On the 4-hour chart, after consecutive bullish candlesticks breaking through the middle Bollinger Band, the price encountered resistance near the upper band. The 60-day moving average and the 200-day EMA are also providing short-term resistance. The Bollinger Bands are flattening, and the short-term moving averages are slightly turning upwards. The MACD fast and slow lines are extending upwards, and the volume bars are increasing again. The KDJ indicator found support and turned upwards; watch for resistance around 100. The VR indicator is consolidating around 120. Overall, this rebound was within expectations, completely recovering the losses of the previous few days, but it failed to break through the key short-term resistance level. Whether the rebound can continue and whether the resistance can be broken is crucial. The interest rate decision will be announced tonight, and Powell will speak half an hour after the announcement. The market expects the interest rate to remain unchanged, but this will affect short-term market volatility. Watch for resistance around the 4-hour EMA200 and support around 87,000. Bitcoin short-term strategy: Long at 87,800, Short at 90,700. Ethereum's pullback last night was limited, and the long positions were not filled. The short positions have not yet moved much. The short-term resistance at 3050 mentioned above has not been broken. The daily chart has risen above the 7-day moving average, but the 60-day moving average and the middle Bollinger Band are still acting as resistance. The 4-hour chart is testing the 60-day moving average and the upper Bollinger Band. We need to see if the price can break through. The market is waiting for the news release, and a short-term shakeout is expected. Watch for short-term resistance around 3100 and support around 2870. Ethereum short-term strategy: Short at 3075, Long at 2920 (Click the image to see the homepage introduction for more cryptocurrency analysis)