Yueying: Bitcoin and Ethereum Market Analysis for December 5th - Bulls and Bears Have Acted Their Profits, Expect Continued Range-Bound Trading

The previous strategy for Bitcoin (BTC) saw a short position at 93800, which retraced to 93600. The long position at 91800 yielded a profit of over 1400 dollars. Looking at the daily chart, the previous candlestick closed bearish, indicating a consolidation phase. Intraday trading continues to show high-level consolidation. The Bollinger Bands are narrowing and flattening, with short-term moving averages continuing to hover around the middle band. The MACD fast and slow lines are extending upwards with increasing volume. The KDJ indicator is turning downwards and flattening, while the VR indicator is consolidating around 50. On the 4-hour chart, the price is oscillating between the 7-day moving average and the middle band. The Bollinger Bands are showing signs of narrowing, and short-term moving averages are flattening. The MACD fast and slow lines are crossing downwards with slightly increasing volume. The KDJ indicator is extending downwards but showing signs of turning upwards, while the VR indicator is consolidating around 140. Overall, the market continues to maintain a high-level range-bound movement. It is predicted that intraday trading will continue to fluctuate within this range. The upside resistance level to watch is below the previous high, while the support level is above the daily middle band. This is the short-term recommendation. Bitcoin Short-Term Trading Suggestions: Buy at 91300, Sell at 93800 (Take profits as needed after strategy activation). The previous Ethereum strategy of selling at 3215 and buying at 3115 yielded a profit of over 170 dollars, especially the short position which was perfectly executed. The daily and 4-hour candlestick charts show slightly more strength than Bitcoin, but the overall technical picture should still be referenced in conjunction with Bitcoin. Continue to watch the resistance around the previous high and the support around 3100. See short-term suggestions below. Ethereum Short-Term Trading Suggestions: Buy at 3125, Sell at 3225 (Click the image to see the homepage introduction for more cryptocurrency analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!