Zhou Yanling: 3.31 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Following the continuous plunge over the weekend, the market has once again fallen into a low-level consolidation. Recently, many friends who were trapped in long positions have come to Yanling for help. I took a look, and most of them are in a dire situation. On this point, I still want to emphasize that everyone must use stop-loss orders when trading in the future. This is a basic risk control measure. The premise of making a profit is that the risk control factor must be sufficient; otherwise, no matter how much or how well you trade, there will always be a time when you are brought back to reality. Without further ado, let’s take a look at the market trend analysis for Monday.
On Sunday evening, the U.S. market saw another wave of selling, which wiped out many of the stubborn long positions. At this price level, those of us who have been shorting honestly do not dare to short easily now, unless we can wait for a better new position. Currently, the price is fluctuating at a low level, forming multiple small K-line fluctuations, indicating that the market is in a wait-and-see state. On the daily chart, there is a long lower shadow and a short body, indicating that there is some support below, but the overall trend remains weak. The technical indicators show that the MACD on the hourly chart has multiple divergences, with the fast and slow lines gradually approaching the zero axis, suggesting a possible rebound or adjustment. The MACD on the daily chart is still in the negative zone, indicating strong bearish pressure. The RSI on the hourly chart is close to a neutral position (43.60), not entering the overbought or oversold zones, showing that the current market sentiment is relatively stable. The daily RSI is slightly below 50, indicating market weakness. The EMA7 and EMA30 on the hourly chart are both above the latest price, indicating significant short-term pressure; the EMA120 is far above the current price, and the long-term trend remains downward. In terms of operations, Zhou Yanling suggests waiting for a rebound near the resistance level before shorting, and when the position is not good, it is better to remain cautious.
Zhou Yanling's 3.31 Bitcoin Trading Strategy:
Short at 84000-83200, stop-loss above 85000, target 82500-81500, continue to look for a decline towards 80700.
Long at 80800-81500, stop-loss below 80000, target 82500-83300.
Zhou Yanling's 3.31 Ethereum Trading Strategy:
Short at 1860-1820, stop-loss above 1900, target 1780-1740-1700.
Long at 1700-1740, stop-loss below 1650, target 1800-1840.
【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 and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. For more real-time community guidance, consultation on unblocking positions, and learning trading skills, you can follow the teacher (WeChat public account: Zhou Yanling) to find the teacher.
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