Zhou Yanling: Bitcoin Faces a Key Decision at 12.3, Ethereum's Rally is Not Over, Still Bullish
Today, don't think about how low the price of this coin can drop. In the past few days, any decline has been significant, with each drop being at least three to four thousand points compared to the highs. However, according to the market price, the decline this week has only been 4000 points, which is not enough to directly determine that Bitcoin has established a trend. Each rebound after a drop has also been considerable, so if the market continues to rise, looking down is just to make a reversal. But if it keeps oscillating below the mid-line, you should be looking for a continuation of the decline. This depends on the price; if 94000 is not broken, what can we use to look for a new wave of downward trend? In terms of this cyclical adjustment trend, breaking 94000 will require at least two tests to be evident.
Currently, it is still around 96000, with such dense support below. If you really want to short at this price, it might be better to go long instead. In terms of trading cost-effectiveness, the rebound is favored. Many may have directly caught the shorts today, but there will certainly be a considerable number of people going long around 94000 later. Since a rebound can occur, it indicates that the market is fluctuating under consensus. Simply put, do not go against the market; do what it does, and you won't encounter major issues. The awkward part now is that the short entry point has not yet reached a good position, so for those eager to act, Yanling suggests waiting for a better entry point.
12.3 Bitcoin Trading Strategy:
Long at 95400-96000, stop loss below 95000, target 97000-97500, continue to look for upward movement around 98600.
Short at 97300-96800, stop loss above 97800, target 95500-95000, continue to look for a breakdown around 94000.
12.3 Ethereum Trading Strategy:
Short at 3730-3690, stop loss above 3770, target 3620-3590, continue to look for a breakdown around 3530.
Long at 3580-3620, stop loss below 3540, target 3720-3760, continue to look for upward movement around 3840.
【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 contracts/spot operations. For more real-time community guidance, consultation on unblocking, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
