Zhou Yanling: 1.13 Multiple Factors in the News Make Bitcoin's Trend Complex, Treating it Weakly in the Short Term
Recently, the cryptocurrency market has shown a complex trend influenced by multiple factors. Last Friday, the price of cryptocurrencies dropped due to strong employment data from the United States, with 256,000 new jobs added and the unemployment rate falling to 4.1%. This prompted the Federal Reserve to be more cautious about easing monetary policy, leading several institutions to adjust their interest rate cut expectations. However, the price quickly rebounded. First, with Trump's inauguration approaching, his promises regarding tariffs and immigration policies have raised inflation concerns, limiting the ability to cut interest rates and increasing positive sentiment and safe-haven demand for Bitcoin. Second, in international trade, Canada may retaliate against U.S. tariffs, adding uncertainty to the situation and creating a safe-haven atmosphere for Bitcoin. Geopolitically, the Houthi attacks on U.S. aircraft carriers and U.S. sanctions on Russian energy highlight Bitcoin's safe-haven attributes. Meanwhile, the U.S. is pushing for a ceasefire negotiation in Gaza. Currently, U.S. employment and other factors are putting downward pressure on cryptocurrency prices, while various uncertainties create upward momentum. Cryptocurrency enthusiasts should continue to pay attention to inflation data, geopolitical news, and Federal Reserve speeches to gain a more comprehensive understanding of future trends in the cryptocurrency market.
From a technical perspective, looking at last week's price movements, the overall trend has been weak. I know many of you are waiting for the next bull market to arrive, but there's no need to rush. The current trend and price levels do not warrant aggressive buying; it is better to wait for the right opportunity. The daily chart has shown several consecutive bearish candles, and the recent trend continues to exhibit a downward oscillation. Currently, the hourly K-line price has retreated from a high, forming a bearish candle, indicating some selling pressure in the short term. The MACD has formed a death cross in the 1-hour cycle, with both DIF and DEA trending downward, and the momentum bars are negative, indicating strong bearish forces in the short term. The RSI is around 44.9, not in the overbought or oversold zone, but at a relatively low level, showing weak market sentiment. EMA7, EMA30, and EMA120 in the 1-hour cycle are all in a bearish arrangement, with the current price below EMA7, indicating that the short-term trend remains bearish. Therefore, overall, it is still necessary to focus on creating a pullback space for now.
Zhou Yanling's 1.13 Bitcoin Trading Strategy:
Short at 95300-94600, stop loss above 96000, target 93600-93000, continue to look for a decline towards 92000.
Long at 92700-93300, stop loss below 92000, target 94500-95000.
Zhou Yanling's 1.13 Ethereum Trading Strategy:
Short at 3310-3270, stop loss above 3360, target 3190-3150, continue to look for a decline towards 3100.
Long at 3160-3200, stop loss below 3100, target 3300-3340.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's 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 contract/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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