Zhou Yanling: Before Chuanbao takes office on January 16, the Bitcoin market will continue to fluctuate. Don't act impulsively!
You mentioned that if the market is going to fluctuate again, it indicates that it will be difficult to see a clear direction before Chuanbao takes office. This also means that both bullish and bearish trends will not have much continuation. Therefore, recent operations should not be too fixated on a single direction; one should learn to adapt and follow the trend. Currently, the pressure point for a downturn today is around 101,000, which is also a key defensive position for the bulls. Those who are both brave and strategic should have already entered short positions. In terms of the recent market, around 100,000 has been a good entry point for short positions, as the price has repeatedly encountered significant resistance near 100,000 without effectively breaking through. The daily candlestick chart also shows long upper shadows, indicating heavy selling pressure above. The hourly MACD shows signs of a death cross, and the momentum bars are gradually shortening, suggesting a need for short-term adjustment. The current RSI value is 58, which is in a neutral to slightly high area but has not entered the overbought zone. During the European session, it is necessary to pay attention to whether there will be a continued pullback. The current price is below the EMA7 and close to the EMA30. If it breaks below the EMA30 (98,468), it may further test the EMA120 (96,298) support. Therefore, friends who have not exited their long positions in time should act quickly to avoid losing profits if there is a pullback later.
Zhou Yanling's Bitcoin Trading Strategy on January 16:
Short at 100,500-99,700, stop loss above 101,500, target 97,000-96,000, continue to look for a downward move towards around 94,500.
Long at 95,000-96,000, stop loss below 94,000, target 98,000-99,000.
Zhou Yanling's Ethereum Trading Strategy on January 16:
Short at 3,450-3,400, stop loss above 3,500, target 3,340-3,300, continue to look for a downward move towards around 3,190.
Long at 3,200-3,240, stop loss below 3,150, target 3,350-3,400.
【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.】
The content of 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 and currently mainly analyzes and guides 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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