Zhou Yanling: 2.12 Bitcoin Hits Key Decision Point at 95000 for Long and Short Positions, Ethereum Weak Adjustment Not Yet Over
The market is determined to wash out positions while everyone is bullish. If this is the case, it would be quite tragic, but such things are quite common in the crypto space. In fact, our bearish outlook yesterday was not wrong, but the market did not reach the high point we wanted and instead dropped directly around 98400. Fortunately, we managed to catch a wave later, so it wasn't a complete miss. There's no need to feel sad for the bulls right now; after all, it has been fluctuating for so long since the New Year, and the current market has been a bull market. A drop is just a correction, and a trend reversal is unlikely. At most, we will see cyclical fluctuations, and we will determine the shape and structure based on the specific trajectory of the fluctuations. Currently, the market is uniformly expecting an upward movement, with only predictions for a downward low. The trend line indicates that 95000 is the key point; whether it can rise again depends on the strength of the European and American markets.
Recently, the price has been fluctuating between 95000 and 100000, forming a relatively obvious range consolidation pattern. The daily K-line shows significant fluctuations gradually converging, and a directional choice may occur in the short term. The hourly MACD is below the zero axis, with both DIF and DEA diverging downwards, indicating a clear short-term bearish trend, but the green bars are shortening, showing signs of a rebound. The RSI14 hovers around 40, not entering the overbought or oversold zones, indicating a neutral to weak market sentiment. The current coin price is above EMA7 but below EMA30 and EMA120, indicating a short-term rebound demand. However, the current coin price is in a bearish arrangement. Zhou Yanling previously mentioned that 95000 is a key support level; if it breaks down here, the intraday shorts will continue to plunge. If this support holds again, the bulls may rise in the last two days of this week, so today, everyone should be prepared for both scenarios.
Zhou Yanling's 2.12 Bitcoin Trading Strategy:
Go long at 95000-95600, stop loss below 94000, target 96500-97300, continue to look for upward movement towards 98200-99000.
If the upper level of 97300 does not break, go short at 97000-96400, stop loss above 97800, target near 95000, continue to look for a breakdown towards 92500.
Zhou Yanling's 2.12 Ethereum Trading Strategy:
Go short at 2660-2620, stop loss above 2700, target near 2520, continue to look for a breakdown towards 2430, and then 2250.
Go long at 2400-2450, stop loss below 2350, target 2580-2630.
【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 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 crypto contracts/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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