Yueying: Bitcoin and Ethereum Market Analysis (May 21-22): 76000 Support Level Valid, Upward Outlook Expected (with Latest Strategy)

On the daily chart, Bitcoin rebounded after finding support at the lower Bollinger Band and closed positive. Intraday trading continued its upward trend, briefly breaking through the 78000 level. The Bollinger Bands are slightly widening, short-term moving averages are trending downwards, the MACD fast and slow lines are moving downwards with decreasing volume, the KDJ is turning downwards, watch for support near the 0 level, and the VR indicator is consolidating around 100. On the 4-hour chart, the price encountered resistance near the upper Bollinger Band, closing with consecutive bearish candles and currently trading below the middle Bollinger Band. The Bollinger Bands are flattening, short-term moving averages are trending downwards, the MACD fast and slow lines are turning downwards with continuously decreasing volume, the KDJ is encountering resistance near 100 and has crossed downwards, and the VR indicator is consolidating around 90. Overall, the price rebounded after finding support at the lower Bollinger Band on the daily chart, but has not yet broken through the 7-day moving average. A short-term pullback to support is expected, and the strength of the rebound should be monitored around the middle Bollinger Band. If it fails to break through, the probability of further downward consolidation increases. For short-term trading, consider entering around the 76000 support level. See short-term suggestions. Bitcoin short-term suggestion: Buy at 76600 (take profits as needed after strategy activation). Ethereum's price action is following Bitcoin into a wide-range fluctuation. The 4-hour candlestick chart shows it's currently trading above the lower Bollinger Band. If it can stabilize effectively, further continuation is possible. The overall trend should be linked to Bitcoin. Short-term resistance is around 2280, and support is around 2050. The strategy remains the same. See short-term suggestions. Ethereum short-term suggestion: Buy at 2088 (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!