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Yue Ying: 1.13 Bitcoin and Ethereum Market Analysis Today - Is Volatility the Short-term Main Theme? Will CPI Break the Deadlock?
I am Zhou Yue Ying. Friends who like articles, please follow me and see today's share!
Bitcoin Technical Analysis ————
On the daily chart, Bitcoin's previous candle is a doji bullish candle. During the day, the opening price was supported around the 7-day moving average and tested upward. The Bollinger Bands are flat, with short-term moving averages showing signs of turning up. The MACD fast and slow lines are above the zero line and are moving upward again, with increasing volume bars. The KDJ is turning upward. The VR indicator is consolidating near 100.
On the 4-hour chart, the market fluctuates within the Bollinger Bands, maintaining a sideways trend without a breakout. The Bollinger Bands are slightly opening, with short-term moving averages turning upward. The MACD fast and slow lines cross upward, breaking above the zero line with increasing volume bars. The KDJ is moving upward again. The VR indicator is consolidating near 160.
Overall, the market continues to stay in consolidation without a clear breakout. The key short-term support remains effective. The sudden news in the early morning did not cause much movement in the crypto circle. Tonight's CPI data may bring short-term volatility. Keep an eye on resistance near the previous high and support around 90,000. Short-term trading is recommended.
Bitcoin Short-term Strategy: Short at 93800, Long at 90800 (Activate strategy for profit, manage at your own discretion)
Yitai Technical Analysis ————
Yitai daily chart shows a weaker pattern compared to Bitcoin, with a bearish candle. After the market opened today, it did not break through the 7-day moving average. However, the overall technical indicators, including the 4-hour chart, still follow Bitcoin's trend. The recent pullback did not break below the short-term key support at 3050, so continue to monitor this level. If it breaks below, it will test new support levels downward. Pay attention to tonight's news and market conditions. Also, watch resistance near the previous high for short-term trading.
Yitai Short-term Strategy: Short at 3260, Long at 3088 (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 and profit together! #BTC #ETH