Yue Ying: 2.1 Bitcoin and Ethereum Market Analysis Today, Will the Monthly Close with Oversold Conditions Be a Bottoming Opportunity?

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Bitcoin Technical Analysis————

Regarding Bitcoin, the previous strategy was to short at 84200. The market retraced around 84500. I mentioned in yesterday's short article that you could continue to hold. On the daily chart, the market is oversold and broke below the 80000 level, with a rebound around 75500. Currently, the price is operating below the lower band, with the Bollinger Bands opening up, short-term moving averages trending downward, and the MACD fast and slow lines extending downward with increasing volume. The KDJ is turning downward again. Watch for support above the 0 level. The VR indicator is consolidating near 80. On the 4-hour chart, the market has been trending downward with consecutive bearish candles, breaking below the lower band, but has recently recovered above it. The Bollinger Bands are trending downward with signs of narrowing, short-term moving averages are aligned downward, MACD lines are again moving downward with decreasing volume, KDJ is turning upward, and the VR indicator is consolidating near 50. Overall, this oversold test is near last year's early low points. In the short term, support levels can be referenced, with this area being a very strong support zone. Expect a period of box-range consolidation before a new direction emerges. In the short term, watch the previous low below, and resistance around 81000. For short-term trading, these are the key levels.

Bitcoin Short-term Suggestions: Short at 80600, Long at 76800 (activate strategy for profit, manage at your own discretion)

Yitai Technical Analysis————

Yitai's technical outlook should follow Bitcoin's reference. The oversold condition tested around 2200 with a rebound. The short-term outlook is consistent with Bitcoin, expecting a period of box-range adjustment. Support is around 2280, resistance around 2600. For short-term trading, these are the key levels.

Yitai Short-term Suggestions: Long at 2320, Short at 2530 (activate strategy for profit, manage at your own discretion)

—— I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to discuss and learn with me! Let's share insights and profit together! #BTC #ETH