Yueying: Bitcoin and Ethereum Market Analysis (September 1st) - Short-Term Pattern Changing After Weekly Closing? (Short-Term Strategy Included)

Bitcoin's daily chart shows a small bullish candlestick, indicating continued high-level consolidation. Intraday opening saw pressure and a pullback, generally hovering around 78000. The Bollinger Bands are widening upwards, with short-term moving averages aligned horizontally. The MACD fast and slow lines are trending downwards with decreasing volume. The KDJ is extending downwards; watch for support near the 0 level. The VR indicator is consolidating around 190. On the 4-hour chart, the price again attempted to rise but was met with resistance, resulting in a long upper shadow bearish candlestick followed by a continuous decline. The Bollinger Bands are narrowing, short-term moving averages are flattening, the MACD fast and slow lines are converging downwards with decreasing volume, and the KDJ has crossed downwards; watch for support near the 50 level. The VR indicator is consolidating around 80. Overall, the market is still fluctuating at high levels. The weekly chart closed with an upper shadow doji. This week's rebound should be viewed with caution, as there's a high probability of a bull trap. The weekly technical analysis suggests a more volatile, pullback-oriented trend this week. Therefore, watch the 80,000 level and the previous high. Short-term strategy is to sell on rallies. Support is around 76,000-75,000; a break below this level would increase the probability of accelerated price movement. See short-term recommendations. Bitcoin short-term recommendation: Short at 79,300. (Take profits as needed after strategy activation). Ethereum's technical analysis is correlated with Bitcoin's. If it fails to break through the upper resistance zone after a prolonged period of high-level fluctuations, the probability of a pullback increases. Watch the 2500-2550 resistance level; a failure to break through this level would suggest a pullback. Horizontal support is around 2400-2350. Similarly for Bitcoin, a break below this level would likely lead to accelerated price movement. See short-term recommendations. Ethereum short-term recommendation: Short at 2510. (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. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!