Yueying: Bitcoin and Ethereum Market Analysis (August 6th) - Is it a Rounding Top on the Daily Chart? Latest Strategy Included

Bitcoin's daily chart shows a bullish candlestick that found support around the 60-day moving average and rebounded. Intraday trading continues with high-level consolidation. The Bollinger Bands are flat, with short-term moving averages aligned horizontally. The MACD fast and slow lines are trending upwards, with the green histogram decreasing in volume. The KDJ indicator is crossing upwards; watch for resistance around the 50 level. The VR indicator is consolidating around 100. On the 4-hour chart, the price repeatedly tested the upper Bollinger Band before a slight pullback, currently trading around 64600. The Bollinger Bands are widening upwards, with short-term moving averages trending upwards. The MACD fast and slow lines are extending upwards, with the histogram fluctuating between increasing and decreasing volume. The KDJ indicator is turning upwards; watch for resistance around the 100 level. The VR indicator is consolidating around 170. Overall, the market rebounded after testing support, forming a small-scale downward channel in the short term, with lower highs and lower lows, but the horizontal support has not been broken. The resistance level to watch is around 66000. Monitor this resistance level from tonight until tomorrow morning/afternoon; if it holds, consider shorting. Support is around 62000; a break below this level could indicate further downside. See short-term recommendations. Bitcoin short-term recommendation: Short at 65300. (Take profits as needed after strategy activation). Ethereum's volatility has been very low these past two days, with a slow, sideways upward trend that seems poised for a breakout. The short-term outlook is bullish, but upward pressure remains significant. Refer to the daily and 4-hour charts for overall technical analysis, using Bitcoin as a reference. Short-term resistance is around 1950, and support is around 1830. See short-term recommendations. Ethereum short-term recommendation: Short at 1920. (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying). — I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me if you have any questions about trading or trends! Let's exchange ideas and benefit together!