Yue Ying: Bitcoin and Ethereum Market Analysis for Today 2.9, Rebound as Expected to Achieve Target, Next Resistance at 74,000
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Bitcoin Technical Analysis ————
On the daily chart, after the market stopped falling and rebounded, the previous candle closed as a bearish candle for correction. Today’s opening tested the 7-day moving average upward. The Bollinger Bands are showing signs of narrowing. The short-term moving averages are still arranged downward. The MACD fast and slow lines are extending downward with signs of a potential turn. The volume bars are decreasing, and the KDJ is crossing upward. The VR indicator is consolidating around the 60 level.
On the 4-hour chart, the market continues to rebound, breaking through the middle band and moving toward the upper band. The Bollinger Bands are narrowing and flattening. The short-term moving averages are turning upward. The MACD fast and slow lines are crossing upward, with increasing volume. The KDJ is crossing upward again. The VR indicator is consolidating near 60.
Overall, the market trend aligns with the previous expectations: after a final acceleration to the bottom, a decent rebound occurred. Yue Ying also emphasized a short-term bullish outlook. In the short term, it’s a rebound correction after continuous bottom testing. A true reversal still needs to be observed. The long-term trend remains bearish, so further confirmation of resistance breakout is needed. In the short term, treat it as a range. Watch for resistance around 74,000 and support around 69,000.
Short-term Bitcoin suggestions: Short at 73,400, Long at 69,700 (activate strategy if profitable, manage at your own discretion)
Yitai Technical Analysis ————
Yitai’s technical outlook is linked to Bitcoin’s reference. Internally, short-term long positions at 1923, 2000, and 2077 have all been realized. Short-term resistance is below 2250, support at around 2040. Short-term trading suggestions.
Yitai short-term suggestions: Short at 2230, Long at 2080 (activate strategy if profitable, manage at your own discretion)
—— I am Zhou Yue Ying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to discuss and learn with me! Let’s share insights and profit together!