Zhou Yanling: 4.4 Pionex Takes Action, Can Bitcoin Hold the 80,000 Mark Amidst the Plunge? Today's Latest Trend Analysis and Strategy
Recently, the sharp decline in cryptocurrency prices caught many people off guard. However, those who frequently read Zhou Yanling's articles should be quite pleased, as we all entered short positions at the peak, including this recent surge and subsequent drop. If we say that this market movement is purely technical, it indeed wouldn't be so drastic and rapid; it has been somewhat influenced by news. The announcement by U.S. President Trump regarding reciprocal tariffs on nearly all U.S. trading partners triggered panic in the stock and cryptocurrency markets. Additionally, the U.S. March CPI data came in below expectations, but Bitcoin did not benefit from the "easing expectations" and instead faced pressure due to the short-term strength of the dollar, leading to a significant drop in prices recently.
Currently, the market shows that prices are still in a weak consolidation phase. With the major non-farm payroll report coming this Friday, everyone should proceed with caution in their operations. The recent candlestick patterns indicate that prices are oscillating at low levels with significant volatility, forming multiple long upper and lower shadows, suggesting market uncertainty. The MACD histogram remains negative and is gradually expanding, indicating strengthening bearish momentum. Both the DIF and DEA are trending downward, suggesting a continued weakening trend in the short term. The RSI value is hovering between 30 and 40, close to the oversold zone, hinting at a potential technical rebound demand, but it has not yet entered a strong zone. The current price is below the EMA7, EMA30, and EMA120, showing a clear bearish arrangement, with short-term, medium-term, and long-term moving averages in a suppressive state. The key point now is whether the support at the 80,000 mark can hold. If it holds, there is hope for a bullish resurgence; if it breaks down again, then the short to medium-term price will likely continue to develop weakly for some time. Therefore, those looking to go long are advised to wait patiently and not rush.
Zhou Yanling's 4.4 Bitcoin Trading Strategy:
Short at 83,500-82,500, stop loss above 84,500, target 81,700-81,000, continue to look for a decline near 80,000, if 80,000 breaks, look for 79,000.
If the support at 80,000 holds, go long at 80,000-81,000, stop loss below 79,000, target 82,300-83,300.
Zhou Yanling's 4.4 Ethereum Trading Strategy:
Short at 1,840-1,800, stop loss above 1,880, target 1,740-1,690, continue to look for a decline near 1,630.
Long at 1,690-1,730, reserve space for additional purchases near 1,630, stop loss below 1,600, target 1,800-1,840.
【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, 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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