Zhou Yanling: March 19 Bitcoin faces strong resistance at 85,000, still needs to short; Ethereum oscillates in a range waiting for opportunity
Recently, every time I think the subsequent rise in the market is going to break through, it turns out to be just a false move. I am really losing patience with this market. Bitcoin is somewhat better, especially Ethereum, which has been oscillating in this range without much progress. It seems the trend needs to settle further. Many times after entering the market, you find that there is really no upward capability. The problem is that you cannot accurately grasp the timing for upward opportunities; you can only enter after seeing a decline, but when you really get in, the market doesn't move up.
Therefore, Yanling is preparing to short. I have given up on the bullish obsession, and currently, the technical indicators are also leaning more towards bearish. Both DIF and DEA are in negative territory, and the MACD histogram continues to be negative, indicating that we are currently in a bearish trend. The RSI14 is hovering around 35, not yet in the oversold zone but close to the neutral area, showing weak market momentum. The coin price is currently below EMA7, EMA30, and EMA120, with moving averages in a bearish arrangement, further confirming downward pressure.
Zhou Yanling's March 19 Bitcoin trading strategy:
Short at 85,000-84,000, stop loss above 86,000, target 82,000-81,000, continue to look for 80,000 and around 79,000 for further decline.
Long at 80,000-81,000, stop loss below 79,000, target 82,500-83,500.
Zhou Yanling's March 19 Ethereum trading strategy:
Short at 1,950-1,920, stop loss above 2,000, target around 1,860, continue to look for around 1,805, and then around 1,750.
Long at 1,750-1,800, stop loss below 1,700, target 1,860-1,900.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on breaking even, and learning market analysis skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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