Yue Ying: 1.14 Bitcoin and Ethereum Market Analysis - Caution with Strong Bullish Signals, Complete Reversal Still to Be Observed

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Bitcoin Technical Analysis ————

On the daily chart, Bitcoin showed a strong bullish rally yesterday, breaking through the previous high. It faced resistance above the upper band, opening high and consolidating with narrow fluctuations. The Bollinger Bands are slightly opening, short-term moving averages are turning upward, MACD fast and slow lines are moving upward with increasing volume, KDJ is extending upward with a crossover, and the VR indicator is consolidating near the 100 level. On the 4-hour chart, after bottoming out at a low, the price rallied with consecutive bullish candles, breaking above the upper band, then pulling back into correction. The Bollinger Bands are opening like a trumpet, short-term moving averages are trending upward, MACD lines are extending upward with decreasing volume, KDJ is facing resistance near 100 and turning downward, and the VR indicator is consolidating near 350. Overall, after about four days of testing support and bottoming out, the market has entered a strong upward phase, surpassing previous highs. Although the technicals lean bullish, resistance above still needs attention. As long as key resistance cannot be broken and stabilized, the probability of continued upward movement is not high. The market is more likely to continue oscillating. Short-term resistance above is first near the spike high, then around 98,500. Support below is near 93,000; if broken, it could return to around 91,000. Short-term trading advice.

Bitcoin Short-term Trading Advice: Short at 96,500 (short at 98,100), Long at 93,800 (activate strategy if profitable, trade at your own discretion).

Yitai Technical Analysis ————

Yitai's movement is linked to Bitcoin. The strong bullish candle on the daily chart also broke previous highs. Overall, the technical outlook follows Bitcoin's logic. In the short term, support is around 3,200. If a pullback occurs and holds, the price will test higher again. If the level breaks, the strong bullish move could be a trap for false signals, and the market may return to previous range-bound oscillations. Short-term resistance first references the high on December 11. This is the current short-term outlook. If a breakout occurs again, I will update the article. Short-term trading advice.

Yitai Short-term Trading Advice: Short at 3,430, Long at 3,270 (activate strategy if profitable, trade 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 exchange ideas and learn together! Let's communicate and profit together! #BTC #ETH