Zhou Yanling: 2.19 Bitcoin Shorts Arrive as Expected with Great Success, Ethereum Continues to Short
The market has finally shown a decent decline, aligning with Yanling's calls for shorts over the past few days. Although there was some rebound in the US market last night, shorting is not contradictory at all. Moreover, the positions that have been shorted several times are near the shorting points I provided. Let me first explain what a tempting price means. Currently, the cryptocurrency price is almost unable to achieve any significant rebound. Based on the market reactions over the past few days, it is evident that the upper pressure level has been continuously lowered. Therefore, under this strong suppression, a decline in the market is only a matter of time. However, before that, it needs to lure some people into going long, so that it can more decisively cut those longs later. So, do you understand now? Is this wave of shorts not premeditated? Here, I would like to congratulate again those who followed Yanling's short strategy; this time it has been a great success.
Currently, the cryptocurrency price continues to decline and is approaching the target of around 94000 that I mentioned earlier. The daily price has been continuously falling, forming multiple bearish candles, indicating that the market is still in a weak position. The hourly chart shows a series of lower highs and lower lows, presenting a clear downward trend. The MACD is below the zero line on the hourly chart, and both DIF and DEA are negative, indicating strong bearish momentum. The RSI is close to the oversold zone on the hourly chart but has not entered it, suggesting a potential short-term rebound demand. EMA7, EMA30, and EMA120 are in a bearish arrangement on the hourly chart, with the price running below EMA7, indicating a continued bearish outlook in the short term. For intraday operations, continue to focus on shorting. For Bitcoin, watch for resistance around 95600 during rebounds; if it cannot break through, it will continue to decline intraday.
Zhou Yanling's 2.19 Bitcoin Trading Strategy:
Short at 95300-94700, stop loss above 96000, target 93800-93300, continue to look for a decline towards 92600.
Long at 92500-93100, stop loss below 91900, target 94300-94800.
Zhou Yanling's 2.19 Ethereum Trading Strategy:
Short at 2685-2640, stop loss above 2740, target 2575-2520, continue to look for a decline towards 2470.
Long at 2530-2565, stop loss below 2470, target 2630-2670.
【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 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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