周彦灵: The latest trend analysis and operational strategies for Bitcoin and Ethereum on July 14th
When Bitcoin breaks through the 60,000 mark, any short position is emotional trading. Of course, going long is the same. Following the principle of going long after breaking 60,000 seems to have no problem, but based on the observation of the daily and 4-hour charts, all levels above 60,000 are adjustment highs. Your purpose of entering at this point is to see a new high or even higher, which is also emotional trading. In short, a wave of decline is coming, and all efforts may be in vain or even directly taken away. Yanling won't talk much about washing the plate because it's quite elusive. Just be cautious. If you want to go long, you can try to participate near 60,000, but Yanling doesn't see much room for upward movement. Intraday, you can at most hold a 1000-point space, which is almost the same. The key to the pressure level above this wave of rise is around 61,200.
Specifically from a technical perspective, it can be observed that the daily chart is gradually showing a continuous positive trend. After holding the middle track, the appearance of a bottom positive trend is a good signal of stabilization. If there is a pullback to the vicinity of 58,300 today, it has short-term support, and it can continue to rise after stabilizing. The resistance target is around 61,200. If it stabilizes, it will open up further upward space. If it fails to break through or does not touch that much, it's better to take the profit and not be greedy. In fact, the one-way rise over the weekend is not a strong short squeeze, because there will always be sudden large declines from time to time. However, overall, the low point is gradually moving up, and it is also within the rising channel. After the big positive trend, Yanling still maintains the main view of looking up for pullbacks today. Even if it washes back, it will just waste some time at the beginning of next week, slowly rising back above the lower track of the channel at 56,600; only when there is an accelerated continuous positive trend, a short-term peak may appear. Therefore, as this kind of oscillating rise continues, there is still a considerable upward space, but one must be careful of occasional plate washing.
Bitcoin operation strategy on July 14th:
- Long at 59,400-59,800, stop loss below 59,000, target 60,500-60,800-61,200
- Short at 61,000-60,700, stop loss above 61,500, target 59,700-59,200
[The above analysis and strategies are for reference only. Please bear the risk on your own. The article's review and release may have a lag in strategy and do not have timeliness. Please refer to Yanling's real-time strategy for specific operations.]
This article is exclusively created and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding the operations of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other coin circle contracts/spots. If you need to know more about real-time community guidance, consultation on getting out of trouble, learning chart reading skills, etc., you can follow the teacher's public account "Zhou Yanling" to find the teacher.
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