Yueying: Bitcoin and Ethereum Market Analysis (November 24th) - Bear Market Phase, Short Selling Continues, with Short-Term Suggestions

Bitcoin Technical Analysis — On the daily chart, Bitcoin is poised for a rebound, with the price closing positive. Intraday, it opened and tested the 7-day moving average before encountering resistance and entering a consolidation phase. The Bollinger Bands are widening, and short-term moving averages are trending downwards. The MACD fast and slow lines show signs of turning upwards, with decreasing volume. The KDJ indicator is crossing upwards, while the VR indicator is consolidating around 40. On the 4-hour chart, the price broke through the middle Bollinger Band but encountered resistance near the upper band. The Bollinger Bands are flat, and short-term moving averages are turning upwards. The MACD fast and slow lines crossed upwards with increasing volume before turning downwards. The KDJ indicator encountered resistance near 100 and turned downwards, forming a crossover. The VR indicator is consolidating around 80. Overall, this continuous downward trend has seen a brief halt. The key is whether the bulls can continue their upward momentum to test the next resistance level. Although a new low has been reached and the decline has stopped, the overall structure remains weak. Short-term resistance is around 88100; if this resistance is broken and stabilized, the next support level to watch is around 91000. Support is around 85000, followed by 83000. See short-term recommendations. Bitcoin short-term recommendations: Short at 87800 (short at 90200), long at 85285 (long at 83600) (Take profits as needed). Ethereum's daily and 4-hour technical charts are consistent with Bitcoin and can be used for reference. The daily chart is also under pressure from the 7-day moving average, so short-term focus should be on whether this resistance is broken. Resistance is around 2900, followed by 3000. Support is around 2750, followed by 2650. See short-term recommendations. Auntie's short-term trading advice: Buy at 2786 (or 2688), sell at 2875 (or 2980) (Click the image to see the homepage introduction for more currency analysis) — I am Zhou Yueying.