Yueying: Bitcoin and Ethereum Market Analysis (May 9-10), Weekend Review, Latest Trend Strategies

On the daily chart, Bitcoin's price action shows a false breakout above the moving average followed by a doji candlestick, with the price consolidating above the moving average at higher levels after the opening bell. The Bollinger Bands are narrowing, while the short-term moving averages are trending upwards. The MACD lines are showing signs of convergence, with decreasing volume. The KDJ indicator is trending downwards; watch for support around the 50 level. The VR indicator is consolidating around the 200 level. On the 4-hour chart, the price is oscillating narrowly above the 80,000 moving average, currently testing the middle band. The Bollinger Bands are trending downwards, while the short-term moving averages are trending upwards. The MACD lines are finding support at 0 and are slightly turning downwards with decreasing volume. The KDJ indicator is trending upwards; watch for resistance around the 100 level. The VR indicator is consolidating around the 110 level. Overall, after reaching a new high, the market plunged and found support around 79,000 before rebounding. A pullback and adjustment in an uptrend is a healthy sign. Currently, the market remains within an upward channel. Weekend volatility is expected to be slow and consolidating, with a short-term range of 79,000-82,000. See short-term suggestions below. Bitcoin short-term suggestion: Buy at 79,300, Sell at 81,500 (Take profits as needed). Ethereum 4-hour chart shows resistance around the middle band and the 60-day moving average. A successful breakout and stabilization could lead to further gains. Short-term resistance is around 2380, and support is above 2200. Weekend short-term trading should focus on range-bound entry. See short-term suggestions below. Ethereum short-term suggestion: Buy at 2260, Sell at 2370 (Click the image to see the homepage introduction for more coin analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me about any trading or trend-related questions! Let's exchange ideas and profit together!