Yue Ying: December 8 Bitcoin & Ethereum Market Analysis—Retesting Resistance Area, Short First Then Long in the Short Term

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Bitcoin Daily: The previous candlestick closed bullish, rebounded, and today’s opening moved up to test resistance and entered consolidation. The Bollinger Bands are narrowing and flattening, with short-term moving averages operating around the middle band. MACD fast and slow lines are extending upward, volume bars are expanding, KDJ is crossing upward again, and the VR indicator is consolidating near the 50 level. On the 4-hour chart, after breaking through the middle band, price is blocked near the upper band. Bollinger Bands are narrowing, short-term moving averages are around the middle band, MACD is crossing upward with increasing volume, KDJ is extending upward—watch for resistance near the 100 level, and the VR indicator is consolidating near 80. Overall, after Sunday’s dip and rebound, the market is now testing resistance. Watch for support around 89,000 below. In the short term, you can short at resistance first, and then go long on a pullback to support. Short first, then long—see short-term recommendations below.

Bitcoin Short-Term Recommendation: Short at current price 91,880, long at 89,500 (Take profits as strategies activate and as you see fit)

Ethereum Technical Analysis —

Ethereum Daily: Bollinger Bands are flattening, the upper band is currently the short-term resistance. The 4-hour chart also sees resistance at the upper band, and the EMA200 is also a resistance level. The overall technicals are linked to Bitcoin—reference accordingly. In the short term, use the same approach: short first, then long. You can enter directly at the current resistance area. Watch for support around 3,000 below—see short-term recommendations.

Ethereum Short-Term Recommendation: Short at current price 3,140, long at 3,035 (Take profits as strategies activate and as you see fit)

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