Zhou Yanling: The price of coins performed a roller coaster on February 14, and the latest trend analysis and predictions are here.
Some people really dislike roller coaster markets, yet the recent market has been playing out this scene repeatedly. Up until now, the coin price is still fluctuating back and forth within a range. The continuous short squeeze has already proven that your only choice moving forward is to trade short-term, but you should be conservative in your trading positions and not too aggressive. Profits are within reach; it’s just a matter of how much you take. Since the market wants to be this simple, we can operate simply as well, without overthinking.
From a technical perspective, there is still a lot of room for imagination. From a bearish standpoint, although there has been a roller coaster rebound, the first failure of the top-bottom conversion point in this round of rising is noteworthy. Unlike before, where there were frequent retests creating new upward space, as long as this time the previous high is not broken, there is still profit to be made from shorting. Recently, the price of coins has been fluctuating within a range of about 3000 to 5000 points daily. Taking the previous high as a reference for a bearish outlook, making at least 2000 points in the short term is not a problem at all. If we only consider the volatility and do not think about whether it can drop, then this trading approach is indeed reasonable. Regarding going long, Yanling actually prefers around the 94,000 point mark. Although it touched this position on Wednesday night, it quickly rebounded. Perhaps many people didn’t have time to participate, but that’s okay; there will be more opportunities ahead, whether at higher points or lower points. Today, being Friday, there is a certain trading space available. Don’t rush if you miss one side; just wait for the other side to be in position to participate.
Zhou Yanling's February 14 Bitcoin Trading Strategy:
Short at 96,700-96,000, stop loss above 97,500, target 94,800-94,000, continue to look for a decline towards around 93,000.
Long at 94,200-94,900, stop loss below 93,400, target 96,000-96,700.
Zhou Yanling's February 14 Ethereum Trading Strategy:
Short at 2,710-2,660, stop loss above 2,760, target 2,570-2,520, continue to look for a decline towards around 2,450 and 2,400.
Long at 2,450-2,500, stop loss below 2,390, target 2,600-2,650.
【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 position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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