Yueying: Bitcoin and Ethereum Market Analysis Today (June 25th) - Can the Support Level Hold the Lower Bollinger Band on the Daily Chart?

The short position I gave for Bitcoin was slightly off, but the overall strategy was correct. Looking at the daily chart, the previous candlestick closed bearish, touching the 62000 area before rebounding. Intraday, it opened and tested the 7-day moving average again, encountering resistance and trending downwards. The Bollinger Bands are slightly widening downwards, short-term moving averages are trending downwards, the MACD fast and slow lines are turning downwards with decreasing volume, the KDJ is trending downwards, watch for support near the 0 level, and the VR indicator is consolidating around 30. On the 4-hour chart, although there has been some rebound, the trend remains weak. A large bearish candlestick has made a new low, currently trading below the lower Bollinger Band around 60800. The Bollinger Bands are widening downwards, short-term moving averages are trending downwards, the MACD fast and slow lines are turning downwards with increasing volume, the KDJ crossed upwards but then crossed downwards again, watch for support near the 0 level, and the VR indicator is consolidating around 80. Overall, the market retreated as expected, currently testing the support zone. A break below this level could trigger further upward movement. Positions can be initiated at the current support level; however, avoid entering positions if the price breaks below 60,000. Watch for resistance around 63,000. See short-term recommendations below. Bitcoin short-term recommendations: Buy at 60,850, sell at 62,500 (manage profits as needed). The short position at 1688 given above on Ethereum was precisely executed, yielding over 50 dollars. The market encountered resistance around 1700 in the evening, followed by a large bearish candle that quickly fell to near the previous low, as expected. Continue to monitor the low area. The daily and 4-hour technical analysis can be referenced in tandem with Bitcoin. Short-term resistance is around 1720, and support is around 1580. Continue using the same strategy; adjust accordingly if a break occurs. See short-term recommendations below. Ethereum short-term recommendations: Buy at 1590, sell at 1688 (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying for discussion). —I am Zhou Yueying.