Yesterday, Ethereum's rebound precisely reached the upper band of the daily Bollinger Bands. Resistance and support have always been the core focus of market dynamics. Today, pay close attention to the 3250 resistance level and the 3050 support level. If 3250 cannot be effectively broken, the pullback trend will continue; once it breaks through and holds above this level, it may become a key sign of a short-term reversal. Consider shorting Ethereum near 3170-3200, with a target down to 3050-3000.

Yue Ying: 12.5 Bitcoin & Ethereum Daily Market Analysis - Longs and Shorts Realized, Continue to Watch for Range-bound Movements I’m Zhou Yue Ying. If you like this article, please follow me. Let’s take a look at today’s insights! Bitcoin Technical Analysis — In the previous strategy, the short at 93,800 retraced to 93,600, and the long at 91,800 saw a move of over 1,400 points. On the daily chart, the previous K-line closed with a bearish adjustment, and today’s opening continues to maintain high-level consolidation. The Bollinger Bands are narrowing and flattening, and the short-term moving averages are still running around the middle band. The MACD fast and slow lines are extending upward with another increase in volume, while the KDJ has all three lines leveling off, and the VR indicator is consolidating around the 50 level. On the 4-hour chart, the price is oscillating between the 7-day MA below and the middle band above. The Bollinger Bands are running upward but show signs of narrowing. The short-term moving averages are flattening, MACD fast and slow lines are crossing downward with a slight increase in volume, KDJ is extending downward but shows signs of turning up, and the VR indicator is consolidating around 140. Overall, the market continues to maintain high-level range-bound movement. Yue Ying expects short-term fluctuations within the range to continue today. Pay attention to resistance near the previous highs, and support near the upper side of the daily middle band. Refer to the short-term suggestions below. Bitcoin short-term suggestions: Long at 91,300; Short at 93,800 (If the strategy is activated and profitable, manage your own positions accordingly) Ethereum Technical Analysis — In the previous strategy, the short at 3,215 and the long at 3,115 together achieved a move of over 170 points, especially as the short was perfectly realized. Both the daily and 4-hour K-lines are slightly stronger than Bitcoin, but overall the technical aspects are still linked to Bitcoin for reference. Pay attention to resistance near the previous highs, and support around 3,100. Refer to the short-term suggestions below. Ethereum short-term suggestions: Long at 3,125; Short at 3,225 (If the strategy is activated and profitable, manage your own positions accordingly) —I am Zhou Yue Ying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to join me in discussing and learning together! Let’s communicate and profit together! #BTC #ETH