Bitcoin's price action yesterday met expectations. On the daily chart, the previous candlestick closed bearish, followed by a rapid upward move at the open, but it hasn't fully broken above the middle Bollinger Band. The Bollinger Bands remain flat, with short-term moving averages hovering around the middle band. The MACD lines are extending upwards with increasing volume, and the KDJ indicator, after turning downwards, found support and is moving upwards again. The VR indicator is consolidating around 80. On the four-hour chart, the morning's large bullish move failed to continue and instead retreated. The Bollinger Bands are narrowing, and short-term moving averages are slightly turning upwards around the middle band. The MACD lines are crossing upwards below the zero line with increasing volume, while the KDJ indicator has turned downwards again, and the VR indicator is consolidating around 90. Overall, although the price has rebounded, it hasn't stabilized above the daily middle Bollinger Band, and the resistance around 90,000 remains. In the short term, we expect continued range-bound trading. A breakout could lead to further correction. Support levels to watch are around 86,000. This is a short-term trading recommendation. Bitcoin Short-Term Trading Suggestions: Buy at 86600, Sell at 89200 (Sell at 90400) (Take profits as needed after strategy activation). The above long and short positions were perfectly executed. The range was small, but the entry points were precise. Following the article, both long and short positions yielded some profit. The overall technical analysis is linked to Bitcoin and can be used as a reference. Short-term support remains around 2880; if it breaks, watch the 2800 area. Resistance is around 3000, followed by the previous high, which is also the 4-hour EMA200 resistance. See short-term suggestions. Ethereum Short-Term Trading Suggestions: Sell at 2980 (Sell at 3055), Buy at 2900 (Buy at 2830) (Click the image to see the homepage introduction for more coin 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!
BTC saw a rapid rise in the early morning session on December 26th, but remains within a critical consolidation window. On the daily chart, the price is still consolidating at a low level after the decline, trading below the previous rebound high, and has not yet formed a valid reversal. The moving average system is bearish, with the MA30 and MA60 providing downward pressure, suggesting the current rebound is more of a technical correction. On the 4-hour chart, the lows are slowly rising, but multiple attempts to break through the 92,000-93,000 area have been met with resistance, indicating significant selling pressure and trapped positions above. Trading volume has not increased significantly, suggesting insufficient trend continuity.
In terms of indicators, the daily RSI is between 45 and 50, indicating a neutral to slightly weak bias; the MACD shows signs of a low-level golden cross, but the momentum is limited. The 4-hour RSI rose and then fell back, indicating that the short-term bullish momentum is generally weak, and the overall market remains biased towards a range-bound trend.
At key price levels, support is seen at 86,900; a break below this level could lead to a retest of 81,000. Key resistance remains at 92,000–93,000. The news flow is relatively light, with the holiday causing reduced liquidity. Funding rates are slightly positive, but sentiment is not extreme. Trading should focus on light, short-term positions, patiently waiting for increased volume and directional confirmation.
Trading Recommendations: Currently, BTC is still mainly trading within a range. If you choose to trade, try a small, short-term strategy. For larger positions, it's advisable to wait for increased volume and news catalysts before confirming the direction. Patience is key to finding your own wave of market movement. I've recently been using KTX; it has low slippage and fast response. Registration link: https://www.ktx.com/zh/login/register?invite_code=0F2mBc