Yue Ying: 1.22 Bitcoin and Ethereum Market Analysis Today, Long Positions Fully Realized, Will Effective Support Lead to a V-Shaped Reversal?

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Bitcoin Technical Analysis ————

Bitcoin's recent short-term strategy of taking profits at 88,000 has created a space of over $2,000. The daily chart shows that the previous candle closed as a doji bullish candle, indicating a halt in the decline. The market opened higher and tested resistance around the 60-day moving average. The Bollinger Bands are flattening, with short-term moving averages turning downward. The MACD fast and slow lines crossed downward, with increasing volume bars. The KDJ shows signs of turning upward. The VR indicator is consolidating near the 100 level.

On the 4-hour chart, after accelerating lower in the early morning, the market quickly rebounded, returning above the 7-day moving average. The Bollinger Bands are narrowing with a downward trend, and the short-term moving average is turning downward. The MACD fast and slow lines crossed upward at low levels, with volume bars turning red and slightly increasing. The KDJ is extending upward, with resistance near the 100 level. The VR indicator is consolidating around 60.

Overall, the market is temporarily showing bullish candles and stopping the decline. Whether it can stabilize and continue the rebound remains to be seen. Currently, it has returned to the previous box structure; continue to observe. Short-term resistance remains around 92,000. If it can break through and stabilize, attention should be paid to resistance around 94,000. Support is above the lower Bollinger Band; refer to short-term suggestions.

Bitcoin Short-term Suggestion: Long at 88,500, Short at 91,600 (activate strategy for profit, self-managed)

Yitai Technical Analysis ————

Yitai's previous long position at 2,930 has moved over $100 in space, and the support around 2,850 has not been broken, which is in line with expectations. The daily and 4-hour technicals are linked to Bitcoin's reference. In the short term, resistance is around 3,080. If it can be successfully broken through, focus on the area below 3,150, which corresponds to the 4-hour middle band and EMA200. Support moves up to above 2,900.

Yitai Short-term Suggestion: Short at 3,120, Long at 2,950 (activate strategy for profit, self-managed)

— I am Zhou Yue Ying, 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 share and profit together! #BTC #ETH