Zhou Yanling: 4.13 The More Panic, the More Bitcoin Rises - Market Trend Prediction and Trading Strategy for Next Week
The weekend market has changed from the weak pattern of the previous days, directly reversing and rebounding from the bottom. Has the crisis been resolved? Have U.S. stocks bottomed out? In fact, the crisis is far from over, as the trade situation may escalate again or trigger other unforeseen risk events. The current market rebound can only be seen as an escape opportunity and does not fully represent a positive signal. It is well known that the stability of the global financial market is based on U.S. Treasury bonds; however, the current turmoil has led to a sell-off of U.S. Treasuries. If yields continue to rise, it indicates a deterioration in the U.S. financial environment, and perhaps that is when the real crisis begins. In contrast, the Eastern Dragon's market is performing well, and its outstanding response capability not only boosts market confidence but also invigorates the world. The biggest risk in the coming week and beyond comes from the spread of panic. The market is not only increasing its concerns about the risk of a U.S. economic recession but is also worried about a credit crisis triggered by a decline in the dollar, the sell-off of U.S. Treasuries, and a crisis of confidence in other assets. If panic continues to spread and intensify, then cryptocurrency prices will continue to rise.
Currently, from the market trend perspective, on the daily level, there has been a significant drop followed by a rebound, and it is currently in an adjustment phase. On the hourly level, prices are fluctuating at a high level, forming multiple long upper shadow candlesticks, indicating heavy selling pressure in the market. The technical indicator MACD histogram on the hourly level has turned from positive to negative, showing that there may be further pullback pressure in the short term. The daily level still maintains a bullish trend, but momentum is weakening. The hourly RSI is close to 50, indicating that the market is in a neutral state; the hourly EMA7 and EMA30 have crossed downwards, showing a bearish short-term trend; the daily EMA moving averages are in a bullish arrangement, but the price has fallen below EMA7, so support strength needs to be monitored. Considering the current fundamental influences and technical aspects, the short-term upward momentum of cryptocurrency prices is good, and it is precisely because the bullish sentiment is very high at this time that it is inevitable to trigger violent price fluctuations, even repeated washouts. In terms of operations, everyone needs to pay attention to risk control measures.
Zhou Yanling's 4.13 Bitcoin Trading Strategy:
Buy at 83300-84300, stop loss below 82200, target 86000-87000, continue to look for 88500 nearby.
Sell at 88000-87000, stop loss above 89000, target 85000-84000.
Zhou Yanling's 4.13 Ethereum Trading Strategy:
Buy at 1540-1590, stop loss below 1500, target around 1690, continue to look for around 1780.
Sell at 1690-1645, stop loss above 1730, target 1600-1560.
【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 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 liquidation, and learning trading skills, you can follow the teacher (WeChat: Zhou Yanling) to find the teacher.
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