Yue Ying: 1.26 Bitcoin and Ethereum Market Analysis Today. Can Bitcoin Break 90,000 Again and Still Be a Good Buy? Short-term Strategy Tips

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Bitcoin Technical Analysis ————

On the daily chart, the previous candle closed as a bearish engulfing pattern supported by the lower band. After opening today, it rebounded directly, recovering half of the previous candle's decline. The Bollinger Bands are slightly opening, with short-term moving averages turning downward. The MACD fast and slow lines have broken below the zero axis, with decreasing histogram bars. The KDJ is turning upward again, and the VR indicator is consolidating around 110.

On the four-hour chart, after a series of downward candles, a bearish candle broke below the lower band. Currently, the rebound has broken above the 7-day moving average. The Bollinger Bands are narrowing, with short-term moving averages showing signs of flattening. The MACD lines have crossed downward but are not yet continuing; there are signs of turning upward. The histogram is shrinking, and the KDJ lines are crossing upward. The VR indicator is consolidating near 120.

Overall, after the sharp decline in the early hours, breaking below the previous low, support was found around 86,000. Although the market is somewhat weak, it is testing the support at the lower boundary of the box. As long as the support holds, a rebound upward to test resistance is expected. Resistance levels are near the four-hour EMA200 and the 60-day moving average. Support below is at the previous low; if broken, attention should be paid to around 84,000. Short-term strategy suggestions follow.

Bitcoin Short-term Strategy: Long at 87,300 (Long at 84,500), Short at 90,500 (Activate strategy if profitable, manage at will)

Yitai Technical Analysis ————

Yitai accelerated downward after breaking below 2900, finding support around 2780, then rebounded back to near 2900. The recent low is also the mid-December support level. In the short term, this support can be used as a dividing line. As long as there is no bearish break below, it remains valid. The overall technicals are linked with Bitcoin's reference; see short-term strategy suggestions.

Yitai Short-term Strategy: Short at 3028, Long at 2860 (Long at 2800, manage at will if profitable)

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