Yueying: 8.29 Bitcoin Ethereum today's market analysis Black Friday will open a new falling channel

I am Zhou Yueying, and let's see today's sharing!

Bitcoin Technical Analysis ————

The daily chart for Bitcoin shows that the previous K line closed with a bullish candle at the 7-day moving average resistance level, and the market opened without breaking through the 7-day moving average but instead tested downward. The Bollinger Bands are in a widening state, the short-term moving averages are trending downward, the MACD fast and slow lines are extending downward with increased volume bars, and the KDJ has crossed downward. The VR indicator is consolidating around the 70 level. On the 4-hour chart, the market is facing resistance at the upper band and around the 60-day moving average, breaking below the middle band and moving average support, testing the lower band. The Bollinger Bands are flattening, the short-term moving averages are turning downward, the MACD fast and slow lines are crossing downward below the zero axis with the volume bars turning green and expanding. The KDJ is extending downward, with attention to the support near the 0 level while the VR indicator is consolidating around the 50 level. Overall, the rebound from yesterday did not continue, and the overall structure shows a bearish trend with fluctuations. Currently, the market has broken below 111000 again, with short-term focus on the resistance around 111000 and support on the previous low. If it breaks, we need to pay attention to the 105000 range. Continue to look for short positions while focusing on short-term trades.

Bitcoin short-term suggestion: Buy at 110800, 108800 (Buy at 105500) (Strategy activation has space for self-control)

Auntie's technical analysis————

The daily chart is being hindered around the 7-day moving average, currently breaking below the support of the middle track. The 4-hour market is testing the lower track, also testing the previous low around 4300. If it breaks below, it will open up a downward channel. If 4300 is lost, short-term attention should be paid to the support around 4200 and 4000, looking at the short term.

Auntie's short line: 4438 short, 4188 long (4088 long) (strategy activated has room for self-control)

——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn operations with me! See you next time.