Yueying: Bitcoin and Ethereum Market Analysis (June 8-9) - Resistance Levels Remain High, Risk of Further Testing Attached (Short-Term Strategy)

On the daily chart, Bitcoin found support above 60,000 (the lower Bollinger Band) and rebounded to close with a solid bullish candle. Intraday trading continues to fluctuate around the 7-day moving average. The Bollinger Bands are widening downwards, short-term moving averages are trending downwards, the MACD lines are flattening with signs of turning upwards, and the volume bars are shrinking. The KDJ is trending upwards; watch for resistance around the 50 level. The VR indicator is consolidating around the 30 level. On the 4-hour chart, the price has closed with consecutive small bullish candles and is currently testing resistance around the upper Bollinger Band. The Bollinger Bands are flattening slightly, short-term moving averages are parallel, the MACD lines are trending upwards with increasing volume bars, the KDJ is trending upwards; watch for resistance around the 100 level. The VR indicator is consolidating around the 80 level. Overall, the market trend is in line with the above expectations. Sunday saw range-bound consolidation, with a pullback to around 61000 that held before rebounding and testing that level. The daily chart shows a solid bullish candle after a double bottom, indicating a temporary halt to the decline. However, there is still a probability of a new low followed by a rapid rebound. Therefore, bulls should not be overly optimistic and should focus on resistance levels. The key resistance levels to watch in the short term are around 65000 and 67000. On the downside, the key support level is around 61600. For short-term trading, see the following suggestions: Bitcoin short-term suggestions: Buy at 62200, Sell at 64800 (Sell at 66600) (Take profits as needed). Ethereum's four-hour chart shows a rebound after finding support at the middle band, as expected. The overall technical analysis can be referenced in conjunction with Bitcoin. Short-term resistance is around 1780, and support is around 1600. For short-term suggestions, see: Ethereum short-term suggestions: Buy at 1615, Sell at 1765 (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!