Zhou Yanling: April 11 Bitcoin Surge and Plunge Analysis and Trading Strategy
What are the benefits of surges and plummets? Many people have started discussing the news, and everyone has a smartphone, so we all know what has happened in the past couple of days. Indeed, the news plays a significant role, but you need to understand it from a technical perspective and the logic of volatility. It is precisely because the previous drop was too rapid and ignored resistance. If you look at the recent surges as a washout, it will inevitably be the same. Therefore, Yanling is not particularly interested in finding resistance. Trading doesn't have to be that complicated; if you are still hesitant to go long in this market, I really don't know where else you could. Many people might be afraid of chasing in only to see another drop, as the recent market declines have been swift. Of course, I believe many people still hold long positions at 79,000; you just need to set a protective stop-loss. There’s no need to doubt whether I am turning bearish; in Yanling's view, this market is not a trend but a washout. A true trending market is composed not only of amplitude and speed but also requires time. The current trend is still brewing.
From the market perspective, the recent price of cryptocurrencies has gradually risen after significant fluctuations, forming an upward trend. The daily chart shows that the long bullish candle on April 9 broke through the previous consolidation range, followed by a pullback and another rise. The hourly MACD has formed a golden cross, indicating the possibility of further short-term increases. The daily MACD is still at a low level but is beginning to converge, showing signs of turning bullish. The hourly RSI is approaching the overbought area, so caution is needed for short-term pullback risks. The daily RSI has rebounded from a low to a neutral area, supporting the current rebound trend. The hourly EMA7 and EMA30 have both crossed above EMA120, confirming the short-term upward trend. The daily EMA shows a bullish arrangement, supporting prices to continue rising. Overall, today, Friday, is optimistic about the continued upward trend of cryptocurrency prices.
Zhou Yanling's April 11 Bitcoin Trading Strategy:
Long at 79,000-80,000, stop-loss below 78,000, target 82,000-83,000, continue to look for 84,000 nearby.
Short at 83,500-82,500, stop-loss above 84,500, target 81,000-80,000.
Zhou Yanling's April 11 Ethereum Trading Strategy:
Long at 1,475-1,520, stop-loss below 1,430, target 1,600-1,640, continue to look for 1,690 nearby.
Short at 1,640-1,600, stop-loss above 1,700, target 1,540-1,500.
【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: 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 liquidation, and learning trading skills, you can follow the teacher (WeChat: Zhou Yanling) to find the teacher.
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