Zhou Yanling: 4.1 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
It seems that our bearish stance yesterday was correct. We have already made enough profit from our short positions, and at this point, it is really not worth it to gamble on a little bit of space at the bottom. The market has indeed entered a consolidation mode, and it is expected that the next two days will also trend sideways. Many people are guessing the low, saying that the bottom of this pullback is 81,000, but Yanling feels that it is too early to draw this conclusion just because of this more than 2,000-point rebound. While this rebound may seem to give the bulls some hope, if you look at every historical decline, hasn't each one followed this usual pattern? After a significant drop, there is bound to be a rebound for correction, followed by some sideways movement, and what awaits next may be a new round of decline.
From the market trend, after a slight rebound in the price on Monday, it has currently formed a small consolidation range. On the hourly chart, there has been a certain degree of pullback, but the overall weakness has not completely changed. The technical indicator MACD shows that bullish momentum is strengthening, with the fast and slow lines gradually converging and showing signs of a golden cross, indicating that there may be further upward movement in the short term. The RSI is close to the overbought area, currently at 60.61, indicating that market sentiment is leaning towards optimism, but caution is needed for the risk of a pullback after excessive gains. The EMA7 has broken through EMA30 and EMA120, and the price continues to operate above EMA7, indicating that the short-term trend remains bullish. It is expected that this round of rebound will face resistance around 85,000 and then trend downward, so in the short term, Yanling believes that a short position can be taken to see this level, and then appropriately enter a short position layout.
Zhou Yanling 4.1 Bitcoin Trading Strategy:
Buy at 82,100-82,900, stop loss below 81,000, target 84,200-85,000
Sell at 85,000-84,200, stop loss above 86,000, target 83,000-82,000
Zhou Yanling 4.1 Ethereum Trading Strategy:
Buy at 1,800-1,830, stop loss below 1,750, target 1,880-1,920-1,960
Sell at 1,930-1,900, stop loss above 1,980, target 1,840-1,800
【The above analysis and strategies are for reference only. Please bear the risk 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 cryptocurrency contracts/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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