Yue Ying: 1.21 Bitcoin and Ethereum Market Analysis Today Pullback in Place, Bulls Ready for a Counterattack?

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Bitcoin Technical Analysis ————

On the daily chart, Bitcoin's price formed a large bearish candle with a sharp drop to the lower band, which found support. During the day, the price stopped falling and rebounded slightly, entering consolidation. The Bollinger Bands are flattening, short-term moving averages are turning downward, MACD's fast and slow lines are crossing downward, volume bars are increasing, and KDJ is extending downward. Support near the 0 level should be watched. The VR indicator is consolidating around 90.

On the 4-hour chart, after continuous bearish candles, the trend started to turn positive, stopping the decline. Currently, it is facing resistance at the 7-day moving average and pulling back for adjustment. The Bollinger Bands are opening downward, short-term moving averages are extending downward, MACD's fast and slow lines continue to show signs of turning downward, volume is decreasing, and KDJ is supported and turning upward to form a crossover. Overall, the recent drop of about 10,000 dollars happened quite quickly, liquidating high-position bulls. In the short term, the key level is around the opening price of the daily pre-K line. If the temporary rebound cannot break through, the probability of subsequent sideways or downward movement is higher. In the short term, pay attention to support around 87,000 and resistance around 92,000. For short-term trading advice.

Bitcoin Short-term Trading Suggestions: Long at 88,000, Short at 91,600 (activate strategy for profit, self-managed)

Yitai Technical Analysis ————

Yitai's daily and 4-hour charts are linked; Bitcoin reference is sufficient. In the short term, support is around 2850, and resistance is around 3100. Short-term trading advice.

Yitai Short-term Trading Suggestions: Short at 3088, Long at 2930 (activate strategy for profit, self-managed)

—— 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 and profit together! #BTC #ETH