Zhou Yanling: 3.28 Bitcoin Fluctuates Difficultly, Shorting is Timely, Ethereum Must Hold 2100 or Continue Shorting
Since the rise on Monday this week, the coin price has been fluctuating below 89000, seemingly on the verge of breaking upwards each time. However, Yanling does not share this view. On the contrary, at the current price, Yanling believes it is the best time to short. Many people might think it will break upwards, which I can understand, but it depends on each person's judgment of the market. You all know that the market is fluctuating; therefore, there is little chance of an easy breakout. At most, it would just be a simple price breakthrough. For example, if it rises to 88000, the key is that it has never stabilized above that level. Has there ever been a time it stabilized above 88000? No. Conversely, it has never stabilized above the lower point of 86000 either; it always rebounds upon touching it. Can you call this a breakout? Therefore, at this position, shorting is a rare opportunity. If one were to open a new position now, Yanling would undoubtedly choose to short.
From the market perspective, the coin price has been fluctuating at a high level recently, forming multiple candlesticks with long upper and lower shadows, indicating significant market uncertainty. The daily chart shows several large fluctuations, but overall it remains within a relatively narrow range, indicating that the market is temporarily caught in a tug-of-war between bulls and bears. The technical indicators show that the MACD in the hourly cycle is in the negative zone, and the fast and slow lines are gradually approaching the zero axis, indicating a potential short-term rebound demand, but the overall trend is weak. The hourly RSI is close to 50, not entering the overbought or oversold zones, showing that the current market sentiment is relatively stable, with no obvious buy or sell signals. The EMA7 is interlaced with EMA30 and EMA120, indicating that the short-term moving averages are starting to flatten, while the long-term moving averages are still trending upwards, suggesting a short-term adjustment.
Zhou Yanling's 3.28 Bitcoin Trading Strategy:
Short at 88300-87300, stop loss above 89300, target 85700-85000. If it continues to break down, hold on to look for around 83800.
Long at 85000-85700, stop loss below 84000, target 87000-87800.
Zhou Yanling's 3.28 Ethereum Trading Strategy:
Short at 2040-2010, reserve space for additional purchases around 2070, stop loss above 2100, target near 1930, continue to look for around 1870 if it breaks down further.
Long at 1930-1965, stop loss below 1890, target 2000-2040.
【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 content 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 cryptocurrency contract/spot operations. For more real-time community guidance, consultation on position recovery, and learning trading skills, you can follow the teacher (WeChat public account: Zhou Yanling) to find the teacher.
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