Zhou Yanling: 2.16 Bitcoin Long and Short Back-and-Forth Double Kill, Ethereum Below 2800 Still Bearish
At this stage, the rise in coin prices is mostly driven by sentiment, but sentiment will eventually be overdrawn and will fade. The main players will definitely take advantage of the rising opportunity to offload, so in the short term, there is no urgency to be optimistic about the price maintaining at a high level for further continuation. Even if chasing long positions, it should be a short-term long, and profits should be taken in a timely manner. Next, with no favorable news in terms of geopolitical situation, economic data, ETF holdings fluctuations, etc., the price of coins is likely to continue to retract. The technical indicators have already changed, and Yanling still emphasizes that continued retraction does not mean the end of the price uptrend; the long-term upward trend remains unchanged, but there is still a wave of retraction to complete in the short term, so patience is required.
Recently, there have been no significant changes in technical indicators. The daily candlestick chart shows multiple long upper shadows, indicating that there is still heavy selling pressure above. The hourly MACD is below the zero axis, with both DIF and DEA diverging downwards, indicating a bearish short-term trend. The RSI14 is close to the neutral area around 50, showing that the market temporarily lacks a clear direction. The current coin price is below EMA7 but slightly above EMA30 and EMA120, indicating short-term retracement pressure, while medium to long-term support still exists. Therefore, the operation should conservatively lean towards bullish, first observing the strength of the retracement space in the short term. Over the weekend, continue to pay attention to the upper resistance around 99000 and the lower support near 95000, and operate back and forth within this range during the day.
Zhou Yanling 2.16 Bitcoin Trading Strategy:
Short at 98500-97800, stop loss above 99200, target 96500-95800
Long at 95600-96300, stop loss below 94900, target 97500-98300
Zhou Yanling 2.16 Ethereum Trading Strategy:
Short at 2750-2700, stop loss above 2800, target 2650-2605-2560
Long at 2580-2630, stop loss below 2520, target 2700-2750
【The above analysis and strategies are for reference only. Please bear the risk 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 unblocking positions, learning market observation skills, etc., you can follow the teacher's public account: Zhou Yanling to find the teacher.
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