Yueying: Bitcoin and Ethereum Market Analysis for September 9th - Retesting Resistance, Continue Shorting (with Current Price Short-Term Outlook)

Bitcoin's daily chart shows a bearish candlestick pattern after breaking below the middle Bollinger Band around 78000, followed by a rebound. Intraday trading continued with a narrow range of upward movement, indicating the market remains in a high-level consolidation phase. The Bollinger Bands are narrowing, with short-term moving averages trending upwards. The MACD lines are extending downwards with increasing volume, while the KDJ indicator is turning upwards; watch for resistance around the 50 level. The VR indicator is consolidating around 170. On the 4-hour chart, the price broke through the 60-day moving average and is currently testing short-term resistance around the middle Bollinger Band. The Bollinger Bands have widened again after a period of narrowing, with short-term moving averages turning downwards. The MACD lines are turning upwards with decreasing volume, and the KDJ indicator is crossing upwards; watch for resistance around the 100 level. The VR indicator is consolidating around 70. Overall, the market has rebounded after a pullback, with little structural change. The short-term strategy remains unchanged; wait for a complete structural shift before making adjustments. Currently, the market is testing resistance; short-term strategy is to look for resistance and consider shorting. Bitcoin short-term recommendation: Short at the current price of 79300. (Strategy activation and profit management are at your own discretion) Ethereum's technical analysis is correlated with Bitcoin's, and it's currently testing the top resistance. We should first observe the resistance level and see if it retraces effectively. If it breaks through and rises above the previous high, then we can consider entering a short position. See the short-term suggestion: Short Ethereum at the current price of 2515. (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!