Yue Ying: 1.3 Bitcoin and Ethereum Market Analysis Today, Breaking the Range During the New Year's Holiday, Is a Phase Bottom Already Formed?
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Bitcoin Technical Analysis ————
The previous short strategy for Bitcoin has moved into a space around 2000 USD. On the daily chart, the market entered 2026 with two consecutive bullish days. After breaking the upper band, the momentum did not continue. Intraday, resistance at the upper band caused a sideways correction. The Bollinger Bands have narrowed with a slight opening, short-term moving averages are turning upward, MACD fast and slow lines are extending upward with increasing volume, KDJ is crossing upward, and the VR indicator is consolidating near 90.
On the 4-hour chart, the market is oscillating upward, breaking above the upper band but facing resistance and pulling back. Currently, it is trading around the EMA200. The Bollinger Bands are opening, short-term moving averages are trending upward, MACD fast and slow lines show signs of turning, volume bars are shrinking, KDJ is crossing downward, and the VR indicator is consolidating near 150.
Overall, although the market has broken through the previous range's upper boundary, the continuation strength is limited. Coupled with light trading over the weekend, it is expected to remain in a short-term oscillation and adjustment, with possibly larger fluctuations tonight. Therefore, in the short term, it is advisable to treat it as a range-bound market. The short-term resistance above is around the daily 60 MA, and for short-term trading, this is the focus.
Bitcoin Short-term Strategy: Long at 88500, Short at 91350 (activate strategy for profit, trade at your own risk)
Yitai Technical Analysis ————
Yitai's daily chart shows that the rebound strength is slightly stronger than Bitcoin's. It has broken through the 60-day moving average, but the overall technical pattern still follows Bitcoin's reference. If it can break through the previous K-high point, look for resistance around 3200. Support is at around 3000. In the short term, it is also advisable to trade within a range, buying low and selling high.
Yitai Short-term Strategy: Short at 3188, Long at 3058 (activate strategy for profit, trade at your own risk)
—— I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to communicate and learn with me! Let's share and profit together! #BTC #ETH