Yue Ying: 12.29 Bitcoin and Ethereum Market Analysis - Repeating the Surge on Monday, 90,000 Key Level

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Bitcoin Technical Analysis ————

Bitcoin daily chart shows that after narrow fluctuations over the weekend, the price opened higher today testing the 90,000 level, but was again resisted and slightly pulled back for adjustment. The Bollinger Bands continue to narrow, with the short-term moving average around the midline. The MACD fast and slow lines are moving upward, with volume bars increasing again. The KDJ is crossing upward and extending. The VR indicator is consolidating near the 90 level. On the four-hour chart, the early session's bullish candle stretched and broke through the upper band, but was resisted around the EMA200 and is currently trading above the upper band. The short-term moving averages are showing signs of turning upward around the midline. The Bollinger Bands are opening, with the MACD fast and slow lines breaking above the zero line and volume increasing. The KDJ is near 100 and showing signs of turning downward. Overall, the morning rally was strong but did not break through the resistance zone substantively. In the short term, focus on the 90,000 resistance. If a breakout occurs, pay attention to the upper daily line resistance. Support below is around 88,000. If broken, continue to watch the previous horizontal support at 86,000. For short-term trading, consider these levels.

Bitcoin Short-term Strategy: Long @88500 (Long @86800), Short @90050 (Short @91800) (Activate strategies with profit, manage at will)

Yitai Technical Analysis ————

Yitai's early rally touched 3056 and then slightly retraced, which aligns with the second resistance at 3055 for a short position. The overall technicals are linked to Bitcoin's reference. The four-hour K-line is also resisted around EMA200. The current resistance caused a bearish candle and retracement, indicating that this high point is effectively short-term resistance. If broken, watch for resistance around the 60-day moving average on the daily chart. Support levels are around 2950 and then 2880. Short-term trading suggestions.

Yitai Short-term Strategy: Short @3038 (Short @3120), Long @2975 (Long @2908) (Activate strategies with profit, manage at will)

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