Yue Ying: 12.16 Bitcoin and Ethereum Market Analysis Today – Will There Be a Bullish Rebound on Non-Farm Night? Short-term Tips Included

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Bitcoin Technical Analysis ————

On the daily chart, Bitcoin's previous K was blocked at the middle Bollinger Band and closed with a red candle, pulling back. The market opened around the lower band with slight Bollinger Band expansion. Short-term moving averages are showing signs of turning downward. The MACD fast and slow lines are crossing downward, with the histogram turning green and slightly increasing. The KDJ is extending downward, paying attention to support near the 0 level. The VR indicator is consolidating around 70.

On the 4-hour chart, after tonight’s plunge broke below the lower band, it has now returned above it. The Bollinger Bands are opening, with short-term moving averages trending downward. The MACD histogram is decreasing as the fast and slow lines extend downward. The KDJ shows signs of turning upward after extending downward. The VR indicator is consolidating around 60.

Overall, the market is in a oscillating downtrend structure, but in the short term, it is testing support. If the support holds effectively, there might be a rebound tonight. Tonight’s non-farm payroll data release will likely influence short-term volatility. Be cautious of shakeouts and avoid blindly chasing. Resistance above is around 89,000, with support near 83,000. Follow short-term trading suggestions accordingly.

Bitcoin Short-term Strategy: Short at 88,800, long at 83,500 (activate strategies with profit, manage your own risk)

Yitai Technical Analysis ————

Yitai retraced and briefly broke below 2900 but has temporarily rebounded. Currently operating around the lower band, the overall technicals are correlated with Bitcoin’s reference. Due to news impacts, short-term volatility may be significant. Resistance is around 3100, support near 2800. Follow short-term trading suggestions accordingly.

Yitai Short-term Strategy: Short at 3080, long at 2830 (activate strategies with profit, manage your own risk)

—— I am Zhou Yue Ying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to communicate and learn together! Let’s share insights and profit together! #BTC #ETH