Yueying: Bitcoin and Ethereum Market Analysis (September 7th): Will High-Level Consolidation Be Accompanied by a Violent Washout? Short-Term Strategy Included

Bitcoin's daily chart shows a small bullish candlestick, maintaining a high-level consolidation above the 7-day moving average. Intraday opening saw a slight pullback, remaining within a range-bound pattern. The Bollinger Bands are narrowing, with short-term moving averages trending upwards. The MACD fast and slow lines are extending downwards, with the green histogram bars showing increasing volume. The KDJ indicator is turning downwards; watch for support around the 50 level. The VR indicator is consolidating around 190. On the 4-hour chart, the price encountered resistance around 80,000 and is currently trading below the middle band. The Bollinger Bands are flat, with short-term moving averages arranged in parallel. The MACD fast and slow lines are trending downwards with decreasing volume. The KDJ indicator has turned downwards after crossing over; watch for support around the 0 level. The VR indicator is consolidating around 90. Overall, after the price surge, a pullback followed by narrow-range fluctuations over the weekend was in line with expectations. After reaching a new high, another pullback and consolidation occurred. The strategy remains unchanged: first look for a pullback, then a rebound. Short-term support levels to watch are around 78,000, followed by the horizontal support around 76,000. Monitor these support levels closely; a break below either level would indicate a deeper pullback. Resistance levels to watch are around 80,000, followed by the previous high. Given the current structure, avoid blindly chasing new highs. See short-term recommendations: Bitcoin short-term recommendation: Short at 79,800. (Take profits as needed after strategy activation). Ethereum's technical analysis is similar to Bitcoin's. Watch for resistance around the previous high. The key short-term support area remains around 2400-2350. A break below this level would indicate acceleration. Wait patiently for the high-level consolidation structure to change before adjusting your strategy. See short-term recommendations: Ethereum short-term recommendation: Short at 2510. (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying.) — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading strategies or market trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!