Yueying: Bitcoin and Ethereum Market Analysis (February 14th) - Previous high resistance is a major obstacle for short-term bulls.

The long position strategy for Bitcoin mentioned above (66) has yielded profits, currently moving within a range of approximately $2000. Looking at the daily chart, the previous candlestick closed as a doji, and the intraday opening price is testing the 7-day moving average again. The Bollinger Bands are trending downwards but show signs of turning around; short-term moving averages are flattening and also showing signs of turning. The MACD fast and slow lines continue to extend downwards but are now starting to turn, with the volume bars showing a continuous decrease. The KDJ is moving upwards again, and the VR indicator is consolidating around the 50 value. On the 4-hour chart, the price briefly broke through the previous low but found support around the lower Bollinger Band, testing a breakout above the middle Bollinger Band. The Bollinger Bands are narrowing and flattening, with short-term moving averages hovering around the middle band. The MACD fast and slow lines have crossed upwards again, with the volume bars showing a slight increase. The KDJ is crossing upwards, and the VR indicator is consolidating around the 70 value. Overall, the market continues its weak and volatile trend. The short-term outlook remains unchanged: if the upper resistance level cannot be broken, the downward trend is expected to continue. Currently, the first resistance level to watch is the area where the 4-hour upper Bollinger Band and the 60-day moving average coincide, followed by the previous high around 92,000. Support is seen around 66,000. With the CPI data release raising expectations of an interest rate cut, the probability of range-bound trading over the weekend is high. For short-term trading, Bitcoin's short-term recommendations are: short at 69,500 (short at 71,500), long at 66,000 (take profits as needed). The short-term long position on Ethereum at 1888 missed a slight opportunity. Overall, the technical indicators are correlated with Bitcoin. The first short-term resistance level to watch is around 2100, followed by the previous high. Support is seen around 1900. Auntie's short-term trading suggestions: Short at 2080 (Short at 2135), Long at 1930 (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!