Yue Ying: Today's market analysis for 12.9 Bitcoin and Ethereum, current price recommendation to cash out. The market continues to be treated as a range in the short term.
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Bitcoin Technical Analysis————
The previous long and short strategy for Bitcoin has yielded a space of over 3000 dollars, and the current short position can be cashed out as expected. Looking at the daily chart, the last candlestick formed a doji, with today's opening fluctuating around the mid-band, the Bollinger Bands are narrowing, and the short-term moving averages are operating around the mid-band. The MACD fast and slow lines are trending upwards, with volume bars decreasing. The KDJ is flattening, and caution is advised for another downward movement. The VR indicator is consolidating around the 50 value. Looking at the 4-hour chart, the market is fluctuating around the mid-band, and the Bollinger Bands are in a flat state, with the short-term moving averages operating around the mid-band. The MACD fast and slow lines are turning downwards, volume bars decreasing, KDJ is trending downwards, and the VR indicator is consolidating around the 80 value. Overall, the market continues to maintain a range of fluctuations and adjustments as the main trend, with resistance moving downwards, paying attention to the previous high, and support focusing on the upper side of the 4-hour lower band. In the short term, it is still treated as a range, with high shorts and low longs to enter, looking at short-term recommendations.
Bitcoin short-term recommendation: 90850 short, 89000 long (strategy activated, profit to be grasped by yourself)
Ethereum Technical Analysis————
Ethereum's current short position can also be cashed out, with the fluctuation range being smaller than Bitcoin. Both the daily and 4-hour charts continue to face resistance above, and in the short term, continue to reference the resistance area for shorting. The technical aspect is linked to Bitcoin for reference, and in the short term, it is also treated as a range first, with support continuing to reference the above text. The structure and thinking remain unchanged, looking at short-term recommendations.
Ethereum short-term recommendation: 3135 short, 3035 long (strategy activated, profit to be grasped by yourself)
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