Zhou Yanling: 2.21 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
I advise everyone not to touch the top for no reason. Even if you are shorting, you shouldn't do it at previously reached levels, as it can easily lead to liquidation and further declines. For example, around 93300 the day before, if you seized the opportunity, you could have made at least a thousand dollars in profit. However, no one can accurately predict unknown highs. Although profits come faster during declines than during rises, after the changes of the past two days, it's best not to attempt such strategies now. Currently, the trend is to pull back and go long, which is the safest approach. Don't focus on shadow tops or structural tops; they are all useless. Master one core principle: rebound! Then you will be invincible in this short to medium-term market. As I mentioned before, once the market adjusts and stabilizes, it will start to rise. Just remember, if you chase the rise, don't get too carried away; manage your stop-loss properly.
From a technical perspective, Bitcoin is currently in a strong adjustment phase after a low-level rebound. The daily MACD is still in the bullish zone, but the red bars are shortening, so be cautious of the risk of a pullback, which may form a converging triangle or a box oscillation pattern. If the 4-hour chart continues to show a converging triangle or horizontal box, the short-term volatility range will narrow, leading to further oscillation adjustments. The hourly MACD is below the zero axis but shows signs of upward convergence, indicating a possible continuation of the rebound in the short term. The hourly RSI is close to the overbought zone, suggesting a short-term adjustment is imminent. The current price is above the EMA7, indicating a short-term bullish trend; however, it is far from the EMA30 and EMA120. If it cannot sustain a breakthrough, it may pull back to test support levels.
(PS: I had a hand injury yesterday, making typing difficult, so I paused updates for a day. Sorry for the wait!)
Zhou Yanling's 2.21 Bitcoin Trading Strategy:
Go long at 96800-97400, with a stop-loss below 96000, targeting 98300-99000, and continue to look for a rise near 100000.
Go short at 99100-98500, reserving space for additional purchases near 100000, with a stop-loss above 100800, targeting 97700-97100.
Zhou Yanling's 2.21 Ethereum Trading Strategy:
Go long at 2680-2720, with a stop-loss below 2640, targeting 2800-2850, and continue to look for a rise near 2900.
Go short at 2860-2810, with a stop-loss above 2900, targeting 2730-2690.
【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 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 unfreezing positions, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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