Yueying: Bitcoin and Ethereum Market Analysis (July 9th): Rebound Fails, New Round of Decline Begins? Short-Term Strategy Included

On the daily chart, Bitcoin's previous candlestick closed bearish, breaking below the middle Bollinger Band before rebounding. Intraday trading opened with the price consolidating in a narrow range around the 7-day moving average and the middle Bollinger Band. The Bollinger Bands are flat, with short-term moving averages aligned horizontally. The MACD fast and slow lines are trending upwards, but the red histogram is shrinking. The KDJ lines are crossing downwards; watch for support around the 50 level. The VR indicator is consolidating around 100. On the 4-hour chart, the price is oscillating between the lower Bollinger Band and the 60-day moving average, currently testing minor resistance around the 7-day moving average. The Bollinger Bands are widening downwards, and short-term moving averages are trending downwards. The MACD fast and slow lines are extending downwards, with the green histogram fluctuating between increasing and decreasing volume. The KDJ found support at 0 and turned upwards. The VR indicator is consolidating around 110. Overall, the market retreated after encountering resistance, failing to break through the previous high and showing signs of further downward testing. Short-term resistance is around 63200, while support is around 60000. Short-term entry points should be based on these resistance and support levels. For Bitcoin, short-term suggestions: Buy at 60800, Sell at 62800 (take profits as needed). Ethereum followed suit, retracing to around 1700 before rebounding, but the strength was limited. The 4-hour chart shows the price testing minor resistance around the 7-period moving average. A breakout could lead to further gains. The overall technical analysis should be referenced in conjunction with Bitcoin. Short-term resistance is around 1830, while support remains around the daily moving average. For Ethereum, short-term suggestions: Buy at 1690, Sell at 1780 (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!