Yue Ying: Bitcoin and Ethereum Market Analysis for 2.25 - Revisit the Previous Low - Can Short-term Key Support Keep the Bullish Momentum?

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Bitcoin Technical Analysis ————

Bitcoin daily chart shows the previous candle closed as a bearish real body. During the day, the price continued to test the lower band, with Bollinger Bands narrowing and then slightly opening again. The MACD shows signs of a potential reversal with the fast and slow lines turning, and volume decreasing. The KDJ indicator is moving downward again, with support near the 0 level. The VR indicator is consolidating around the 50 level.

On the 4-hour chart, the price was resisted around the 7-day moving average with limited rebound strength, continuing downward testing. The Bollinger Bands are opening, with short-term moving averages trending downward. The MACD lines are extending downward with decreasing volume, and the KDJ is again heading lower, with support near the 0 level. The VR indicator is consolidating around the 100 level.

Overall, the market remains weak, with limited rebound strength. The short-term support is crucial; if it breaks, new lows could be seen. For now, consider supporting entry points at around 62,000, followed by the previous low area. A break below could accelerate the decline toward 58,000-57,000. Refer to short-term intraday strategies.

Bitcoin Short-term Strategy: Long at 62,500 (Long at 60,800) (Activate strategy if profitable, trade at your own risk)

Yitai Technical Analysis ————

Yitai’s overall technical outlook is linked to Bitcoin’s trend. Currently, support is around the previous low area. The short-term approach is to monitor this support and consider virtual breaks. If there is an accelerated real break, the price could test the support zone around 1580-1500.

For intraday trading, follow the short-term plan: go long above 1730 and watch the support around 1650.

Yitai Short-term Strategy: Long at 1780 (Long at 1688) (Activate strategy if profitable, trade at your own risk)

— 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