Zhou Yanling: 3.6 If not now, when? Today's Bitcoin and Ethereum rebound is mainly bearish!
The current market cannot be considered solely from a bearish perspective, as this can easily mislead you. Just look at the current prices on the chart; isn't it just a matter of time before it breaks through? The recent fluctuations in price, whether in terms of angle or speed, are not much different from the previous reversals. It can be said that it is a relatively natural V-shaped reversal. The resistance at the high point has already broken through 89000, so it cannot simply be a rebound. The calls for a bullish return from the outside are not entirely unreasonable. One thing that can be confirmed is that 89000 has become the starting point for further increases. If it breaks down here, it will pave the way for continued bearish declines; otherwise, it can only serve as a stepping stone for bulls. Currently, the price has fallen below 89000. Given the recent repeated fluctuations in the market, I personally believe that the trend will likely go down again. So if you ask me what to do now, I would definitely not hesitate to go short.
Moreover, Bitcoin's current movement is clearly a preemptive squeeze before the non-farm payrolls. In this situation, the key is whether your entry point is at the limit. Let's directly lock the resistance level at the recent high of around 91000. If it can't go up, just participate in the short position. Whether it can rise first and then fall, including whether the subsequent closing can end near the low point, will determine whether I should hold until the big non-farm payroll day. This is an overall trading strategy layout that needs careful consideration; it is not as simple as short-term trading.
Zhou Yanling 3.6 Bitcoin Trading Strategy:
Short at 89500-88800, stop loss above 90500, target 84500-83300, continue to look for a decline near 81800.
Long at 82700-83700, stop loss below 81800, target 86000-87000.
Zhou Yanling 3.6 Ethereum Trading Strategy:
Short at 2235-2200, stop loss above 2275, target 2060-2000, continue to look for a decline near 1830.
Long at 2010-2050, stop loss below 1970, target 2100-2160.
【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 unblocking, learning trading skills, etc., you can follow the teacher's public account: Zhou Yanling to find the teacher.
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