Bitcoin's daily chart shows a bullish candlestick pattern, currently trading near the upper Bollinger Band, with intraday trading continuing the consolidation at higher levels. The Bollinger Bands are slightly widening upwards, with short-term moving averages running parallel. The MACD lines are moving sideways with narrowing volume bars, and the KDJ is trending upwards, but watch for resistance around 100. The VR indicator is consolidating around 170. On the 4-hour chart, the price has seen consecutive bullish candlesticks around 78,000 and is currently trading above the moving averages. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD lines are turning upwards with decreasing volume bars, the KDJ has found support and turned upwards, and the VR indicator is consolidating around 140. Overall, the price has rebounded and is retesting the previous high. While the technicals are strong, the resistance below 80,000 remains a concern, as the daily candlestick pattern suggests a possible double top. Even if it breaks through, avoid blindly chasing the price higher; focus on the resistance around 82,000. Short-term support is around 77,000. This is the short-term strategy for now; see the short-term suggestions. Bitcoin short-term trading suggestions: Short at 79500 (short at 81500), long at 77500 (take profits as needed after strategy activation). Ethereum's 4-hour chart shows a slow upward trend, finding support at the middle Bollinger Band and the 60-day moving average before a consecutive positive rebound. The overall trend analysis can be referenced in tandem with Bitcoin. Short-term resistance is around 2400, and support is around 2250. See short-term suggestions below. Ethereum short-term suggestions: Short at 2380, long at 2260 (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!
Yueying: Bitcoin and Ethereum Market Analysis (May 3-4): Will the daily chart show a double top or will the upward trend continue to reach 83,000?
2026-05-03 12:56:46
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