Yue Ying: Bitcoin and Ethereum Market Analysis for 2.28 - Rebound Blocked, Returning to Range, Short-term Price Suggestions

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Bitcoin Technical Analysis ————

On the daily chart, Bitcoin closed with a doji candlestick, indicating indecision. The opening did not stabilize above the midline and tested downward. The Bollinger Bands are narrowing and flattening. The short-term moving averages are around the middle band. The MACD fast and slow lines are extending upward, but the histogram is shrinking again. The KDJ is turning downward. The VR indicator is consolidating near 50.

On the 4-hour chart, the rebound was resisted at the upper band and after oscillating, it tested the midline downward. The Bollinger Bands are showing signs of narrowing. The short-term moving averages are turning downward. The MACD fast and slow lines are turning down, and the histogram continues to shrink. The KDJ is moving downward. Watch for support near 0. The VR indicator is consolidating around 130.

Overall, the market has not broken through the upper resistance and is continuing to test downward. It is still operating within the range, so the short-term outlook remains unchanged—continue to treat it as range-bound. Focus on support around 65,000. If broken, consider closing long positions at the current price and watch for support above the previous low. Resistance is at around 68,000. Follow the short-term strategy.

Bitcoin Short-term Suggestion: Buy at the current price of 65,800 (above 63,500), sell at 67,800 (activate strategy with profit at your discretion).

Yitai Technical Analysis ————

Yitai previously bought at 1980. The market rebounded from 1975 to around 2060, only moving within an 80-dollar range. The level is good, and the space isn’t very large. Overall technicals are linked to Bitcoin’s reference. The short-term trading idea is the same as Bitcoin’s: first focus on support around 1900. If broken, then support at 1800. Resistance above is at around 2080.

Yitai Short-term Suggestion: Buy at 1950 (above 1848), sell at 2040 (activate strategy with profit at your discretion).

— I am Zhou Yueying, a teacher focused on technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let’s share insights and profit together! #BTC #ETH