Yueying: Bitcoin and Ethereum Market Analysis (September 17-18) - Will Interest Rate Hike Lead to Continued Volatility? Short-Term Strategy Included

Bitcoin's daily chart shows a bullish candlestick pattern, finding support around 75000 and rebounding. Intraday trading has been characterized by upward consolidation. The Bollinger Bands are slightly widening, with short-term moving averages aligned horizontally. The MACD lines are trending downwards with decreasing green histogram bars. The KDJ indicator is moving upwards, with support around the 50 level. The VR indicator is consolidating around 110. On the 4-hour chart, the price is consolidating in a narrow range above the 7-period moving average, currently testing short-term resistance around the middle Bollinger Band. The Bollinger Bands are widening downwards, while short-term moving averages are trending upwards. The MACD lines are crossing upwards with increasing red histogram bars. The KDJ indicator is facing resistance around 100 and turning downwards. The VR indicator is consolidating around 90. Overall, last night's expected rate hike did not trigger a sharp drop; instead, it held support around 75,000, indicating short-term buying pressure. However, this doesn't necessarily signify a strengthening trend. The short-term outlook is for a range-bound movement between 75,000 and 78,000, as the overall structure remains weak. A break below support could lead to further declines. Therefore, in the short term, focus on the support around 75,000 to gauge the strength of any rebound. For Bitcoin, the short-term suggestion is to buy at 75,700. (Take profits as needed after strategy activation.) Ethereum's price action mirrors Bitcoin's, showing a rapid rebound after a dip, holding support. The strategy is similar. Yesterday's long position was successful, but the upside potential is currently limited. Continue to monitor the support area mentioned above for entry points. For Ethereum, the short-term suggestion is to buy at 2388. (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 about any trading or trend-related questions! Let's exchange ideas and profit together!