Yueying: Analysis of today’s Bitcoin and Ethereum market on September 4th: Will the bears make another move or be beaten?

Bitcoin Technical Analysis: Bitcoin's daily chart shows a bullish candlestick pattern closing at the middle moving average, finding resistance near the middle band. The intraday opening dipped, testing the 7-day moving average. The Bollinger Bands narrowed and flattened, with the short-term moving average trending downward. The MACD fast and slow lines extended downward, then flattened, with the volume bar shrinking. The KDJ indicator turned downward, and the VR indicator consolidated around 80. In the 4-hour chart, the market encountered resistance at the upper band, then continued to decline, testing the middle band and the 60-day moving average. The Bollinger Bands slightly contracted, with the short-term moving average turning downward. The MACD fast and slow lines broke through the 0-axis, turning downward, with the volume bar shrinking. The KDJ indicator extended downward, and the VR indicator consolidated around 150. Overall, the market is in line with yesterday's expectations. While it hasn't touched the 4-hour EMA200, it has retreated below it, continuing to focus on resistance below it in the short term. It is currently testing support around the middle band and the 60-day moving average. If this breaks, we should focus on the lower band, which is also above the previous low. Tonight's news will undoubtedly have an impact on short-term fluctuations. Focus on support and resistance in the short term. See short-term recommendations. Short-term Bitcoin recommendations: short at 112,700, long at 108,800 (profits are at your discretion once the strategy is activated). The two resistance levels I've suggested for shorting have both seen pullbacks, with the short at 4470 offering more potential for a breakout. The daily chart hasn't fully stabilized at the mid-range and 7-day moving averages, so further observation is needed. For short-term trading, consider the 4500 level as a reference. If it breaks, focus on the 4600 level. Support remains around 4200, followed by 4100. See short-term recommendations. My short-term recommendations: short at 4470 (short at 4615), long at 4280 (long at 4138) (Click on the image to view the homepage for more currency analysis). —I'm Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, please feel free to discuss and learn with me! Let's share and profit together!