Yueying: Bitcoin and Ethereum Market Analysis (February 10th) - Rebound Fails, Second Test Imminent? Short-Term Suggestions Included

On the daily chart, Bitcoin's previous rebound failed to stabilize above the 7-day moving average, resulting in an upper shadow. Intraday opening saw another test of the 7-day moving average area. The Bollinger Bands remain downward, with short-term moving averages trending downwards. The MACD fast and slow lines are extending downwards again, with decreasing volume. The KDJ indicator is crossing upwards, while the VR indicator is consolidating around 60. On the 4-hour chart, after high-level consolidation, the price broke below the middle Bollinger Band and short-term moving averages. The Bollinger Bands are narrowing, with short-term moving averages hovering around the middle band. The MACD fast and slow lines are extending upwards but showing signs of turning downwards, with decreasing volume. The KDJ indicator is crossing downwards, and the VR indicator is consolidating around 80. Overall, the price rebound failed to sustain its upward momentum, and the daily chart failed to break and stabilize above the 7-day moving average, indicating potential for further testing in the short term. Support is currently around 67000; a break below this level would target 64500. On the upside, short-term resistance is around 71000; a break and stabilization above this level would test the 74000 area. This week's macroeconomic news, including the non-farm payrolls and CPI figures, will be released on Wednesday and Friday. Although there's no new capital entering the market, coupled with existing capital outflows, there's a probability of market volatility due to the news, which warrants attention. Bitcoin short-term suggestion: Short at 70500, Long at 67300 (or Long at 65300). Ethereum is facing resistance around 2150. The overall daily and 4-hour technical charts are correlated with Bitcoin. Short-term support is around 1960; a break below this level would extend the focus to around 1850. Resistance is around 2100; a break and hold above this level would target the next resistance around 2230. See short-term suggestions. Ethereum short-term suggestion: Short at 2088, Long at 1980 (or Long at 1888) (For more cryptocurrency analysis, click the image to see the homepage introduction) — I am Zhou Yueying.