Zhou Yanling: 4.29 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Yesterday's market created a door, and personally, I am not very satisfied with the drop in coin prices on Monday. I didn't expect it to complete all the retracements in one day, but at the very least, it should have shown a decline. As a result, by midnight, it had only dropped back to around 93500. If this continues, the trading cycle will be extended. Many people were trapped in low-position short orders during last week's surge, hoping that the market would drop soon so they could break even. However, Yanling believes that a significant retracement is definitely coming soon, as there were too many people who went long previously, and the market will inevitably kill the bullish sentiment. Therefore, everyone should pay attention to their operations and manage risks well.
From the market perspective, the coin price has been fluctuating in the range of 92000-96000, forming a relatively obvious oscillation zone. On the hourly level, there are signs of a certain degree of correction, but overall it is still in a high-level oscillation. The current MACD histogram shows a certain divergence, with the fast and slow lines gradually approaching, indicating a demand for adjustment in the short term. The RSI value is close to the overbought area (46) but has not fully entered the overbought state, suggesting that market sentiment is relatively optimistic but caution is needed for retracement risks. The EMA7 and EMA30 moving averages are in a sticky state, and the price is slightly below the EMA7, indicating that the short-term trend is unclear; however, the EMA120 maintains an upward long-term trend.
Zhou Yanling's 4.29 Bitcoin Trading Strategy:
Short at 95000-94300, stop loss above 96000, target 93200-92500, continue to look for a decline towards 91700.
Long at 92300-93000, stop loss below 91500, target 93500-94300.
Zhou Yanling's 4.29 Ethereum Trading Strategy:
Short at 1820-1790, stop loss above 1860, target 1750-1720, continue to look for a decline towards 1680.
Long at 1720-1750, stop loss below 1680, target 1800-1830.
【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.】
The content of this article 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 contracts/spot operations. For more real-time community guidance, consultation on breaking even, learning market observation skills, etc., you can follow the teacher (WeChat public account: Zhou Yanling) to find the teacher.
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