Yueying: Bitcoin and Ethereum Market Analysis (January 22nd) - Long Positions Proceeded, Support Effective, Will a V-Shaped Reversal Occur?

The previous short-term strategy for Bitcoin at 88,000 has been realized, resulting in a move of over 2,000 dollars. Looking at the daily chart, the previous candlestick closed as a bullish doji, indicating a halt to the decline. Intraday, the price opened higher but encountered resistance around the 60-day moving average. The Bollinger Bands are flat, and short-term moving averages are turning downwards. The MACD fast and slow lines are crossing downwards with increasing volume. The KDJ indicator shows signs of turning upwards, while the VR indicator is consolidating around 100. On the 4-hour chart, after a rapid break below the low in the early morning, the price quickly rebounded, returning above the 7-day moving average. The Bollinger Bands are trending downwards and showing signs of narrowing, while short-term moving averages are turning upwards. The MACD fast and slow lines are crossing upwards at a low level, with the volume bars turning red and showing slight increasing volume. The KDJ indicator is extending upwards; pay attention to the resistance around 100. The VR indicator is consolidating around 60. Overall, the price has temporarily closed higher, halting the decline. Whether it can stabilize and begin a continued rebound remains to be seen. Currently, it has returned to the previous trading range, so we will continue to refer to this. The short-term resistance remains below 92,000. If it breaks through and stabilizes, then we should watch the resistance around 94,000. Support is seen above the lower Bollinger Band. For short-term Bitcoin trading, the suggested strategy is: long at 88500, short at 91600. The long position at 2930 mentioned above on Ethereum has moved over 100 dollars, and the support around 2850 held, confirming the expected price action. Looking at the daily and 4-hour charts, the short-term resistance is around 3080. A successful break above this level would target the 3150 area below, corresponding to the 4-hour middle Bollinger Band and the EMA200. Support has moved up to around 2900. Ethereum short-term suggestion: short at 3120, long at 2950. (For more cryptocurrency analysis, click the image to see the homepage introduction) — I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me about trading and trends! Let's exchange ideas and profit together!