Zhou Yanling: Bitcoin Pullback Continues, Long Positions Recommended as Ethereum Nears 2800
Bullish players have likely been eagerly anticipating the breakthrough of the 66,000 price level, despite the fact that after a surge last night, the bulls have once again pulled back today. However, the bulls have also made a lot of profit recently, unless they have been repeatedly swept out, haha. In actual trading, both long and short positions have been difficult to handle recently, with one being unable to hold and the other being afraid to hold.
As the end of the month approaches, and with the National Day holiday next week, regardless of whether there will be any market mischief, Yanling will personally practice, as he does not want to miss any trading cycles and opportunities that could lead to a breakthrough in the coin price. Those who are bearish should not summarize last night's pullback as luck. So far, the consolidation near 66,500 has not shown the emotional rebound I expected. From the perspective of price support, it is just a shakeout action. So far, it has not even fallen below 65,500, let alone the bullish support levels of 65,000 and 64,600 below. Therefore, today Yanling will continue to maintain a bullish mindset and wait for the opportunity to wait for the pullback to the support level.
Bitcoin Trading Strategy on 9.28:
- Long at 65,000-65,500, stop loss below 64,500, target 66,800-67,200
- Short at 67,200-66,700, stop loss above 67,700, target 66,200-65,800
Ethereum Trading Strategy on 9.28:
- Long at 2,610-2,640, stop loss below 2,570, target 2,710-2,740, continue to look towards around 2,810
- Short at 2,805-2,775, stop loss above 2,840, target 2,730-2,700
[The above analysis and strategies are for reference only. Please bear the risks on your own. The publication of the article may have a lag in strategy and does not have timeliness. Please refer to Yanling's real-time strategy for specific operations.]
This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other coin contract/spot operations. If you need to understand more real-time community guidance, consultation on getting out of trouble, and learning chart reading skills, you can follow the author's WeChat account: Zhou Yanling to find the author.
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