Zhou Yanling: 3.3 Celestial Battle, Bitcoin Plummets and Soars, Has Ethereum Hit Bottom and Reversed the Bear Market?
I went on a trip out of town for a few days and surprisingly missed such an exciting market event! This trip was indeed a bit extravagant! It’s thrilling; it has been a long time since I’ve seen such an exhilarating market. This plunge will again set a historical record. Just as I was saying, the market has already rebounded sharply back to around 92,000. Right, this is the style we should have in the crypto world!
After experiencing last week’s crash, this week will inevitably welcome a strong and significant rebound. However, many people may not have reacted yet, not expecting it to come so quickly. It’s only just turned to Monday at midnight, and it has already surged above 91,000. History always has a striking resemblance, but it keeps repeating; the market always ends amidst cheers and ultimately breaks through after numerous repetitions. One can anticipate the rhythm and the patterns, but cannot predict the timing. When things peak, they will decline; when things reach extremes, they will reverse. While everyone is waiting for another opportunity to buy at the bottom, the coin price directly launches into a sky-high surge without looking back. The same pitfalls have been encountered many times and avoided many times, but this time, did you fall behind again? Thus missing out on this great opportunity. In fact, the market hasn’t made a mistake; sometimes, it’s just that our reaction to the market is too poor. In trading, human nature is the same when facing highs and lows. When fearing heights, there will surely be risks; when killing the long positions, there will surely be opportunities. We all need to overcome our own weaknesses in human nature; our own psychology is the biggest obstacle in trading.
After this major adjustment, the daily level has also welcomed the largest adjustment intensity in recent times. The recent strong rebound has instantly shifted market sentiment back to bullish. The MACD on the hourly chart shows clear bullish signals, with both DIF and DEA being positive and continuously expanding, and the MACD histogram is also enlarging. The RSI is in the overbought zone (above 80) on the hourly chart, which may bring some pullback pressure in the short term. However, if it continues to maintain high levels, it indicates that the strong trend will continue. EMA7, EMA30, and EMA120 on the hourly chart show a bullish arrangement, with prices far above these moving averages, indicating a strong upward trend. Although the current trend is strong, chasing long positions at this point is awkward and risky. It’s better to wait for a high position to catch a short and look for a pullback space, then re-enter long when it falls back to the right level.
Zhou Yanling 3.3 Bitcoin Trading Strategy:
Long at 91,500-92,200, stop loss below 90,700, target 95,000-96,000 (take profit partially at target, hold the rest looking towards around 100,000)
Short at 96,800-96,000, stop loss above 97,500, target 94,500-93,700
Zhou Yanling 3.3 Ethereum Trading Strategy:
Long at 2,360-2,400, stop loss below 2,300, target around 2,530, continue upward looking at 2,710-2,780
Short at 2,750-2,700, stop loss above 2,800, target 2,580-2,520
[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 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, currently mainly analyzing and guiding 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 breaking even, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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