Zhou Yanling: 12.30 Approaching Year-End Closing, Bitcoin's Weakness Remains, Ethereum Follows Closely
The power of volatility should not be underestimated. Although it is not as intuitive as a surge, the continuous fluctuations can create a strong desire to trade. However, before the volatility ends, Yanling believes it is best to slightly expand the trading range. In fact, in the recent volatile market, there is no need to find reasons for each wave of rise and fall; there are many effective resistance and support levels. Any pressure and support you see can be a trading attempt, with one caveat: do not be too greedy, or you may face a situation of profit taking at any time. Your operations should revolve around short-term trading; do not think about holding large positions for the long term, and do not concern yourself with the trend of rises and falls. Locking in profits is a profit, as your trading method will determine your subsequent results.
From the current technical perspective, Bitcoin is still in a weak volatile rhythm. The current technical indicator MACD remains negative, and both DIF and DEA are diverging downwards, indicating that the market is in a bearish trend. The RSI value hovers around 40, not entering the oversold zone, but showing some weakness. The short-term EMA (7) is at 93709.7, and the long-term EMA (120) is at 95318.0, with the short-term moving average below the long-term moving average, presenting a bearish arrangement. From the technical cycle and trend pressure, there has been effective resistance at the $100,000 level. Last week, the price approached this resistance level and fell under pressure. Further resistance is at around $98,000 and $97,000. If the $97,000 level cannot be broken and stabilized in the early part of this week, it will be difficult for the bulls to attack, and continued weak pullbacks may lead to testing the support at the $90,000 level. Therefore, the early week trend needs to grasp the rhythm of the transition between long and short positions.
Zhou Yanling's 12.30 Bitcoin Trading Strategy:
Short at 94800-94000, stop loss above 95600, target 92700-92000, continue to look for a decline towards 91000 and near 90000.
Long at 92000-92600, stop loss below 91200, target 94000-94800, continue to look for an upward move towards 95600.
Zhou Yanling's 12.30 Ethereum Trading Strategy:
Short at 3470-3425, stop loss above 3520, target 3340-3300, continue to look for a decline towards 3210.
Long at 3300-3340, stop loss below 3260, target 3430-3470.
【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 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, currently mainly analyzing and guiding 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 position recovery, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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