Yueying: Bitcoin and Ethereum Market Analysis for December 8th - Retesting Resistance Zone, Short-Term Outlook: Short First, Then Long

Bitcoin's daily chart shows a bullish rebound after the previous candlestick closed positive. Intraday opening saw an upward test followed by resistance, leading to consolidation. The Bollinger Bands are narrowing and flattening, with short-term moving averages hovering around the middle band. The MACD fast and slow lines are extending upwards with increasing volume, the KDJ is crossing upwards again, and the VR indicator is consolidating around the 50 level. On the 4-hour chart, after breaking through the middle band, the price encountered resistance near the upper band. The Bollinger Bands are narrowing, with short-term moving averages hovering around the middle band. The MACD is crossing upwards with increasing volume, the KDJ is extending upwards, and attention should be paid to resistance around the 100 level. The VR indicator is consolidating around the 80 level. Overall, after Sunday's dip and rebound, the price is currently testing a resistance zone. Support is seen around 89000. In the short term, short positions can be initiated based on resistance, with long positions re-entering on pullbacks to support. The short-term strategy is to short first and then go long; see the short-term recommendations. Bitcoin Short-Term Trading Recommendations: Short at 91880, Long at 89500 (Take profits as needed after strategy activation). Ethereum's daily Bollinger Bands are flat, with the upper band acting as short-term resistance. The 4-hour chart also shows resistance at the upper band and the EMA200 area. Overall, the technical indicators are correlated with Bitcoin. The short-term strategy is to short first, then long. Entry can be made directly at the resistance zone. Support is seen above 3000. See short-term recommendations. Ethereum Short-Term Trading Recommendations: Short at 3140, Long at 3035 (Click the image to see the homepage introduction for more cryptocurrency analysis). — 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!