Zhou Yanling: 5.11 Bitcoin and Ethereum Latest Trend Prediction and Trading Strategy for Next Week
This week's market, driven by news and supported by strong technicals, has surged past 100,000. It seems that after the storm, calm has returned, but it is far from over. Do you think the bears have finished their work? Perhaps not, and there may be another wave of selling to come, which could quickly lead to the bulls being cut down. These two waves of selling might involve the same group of people, and Yanling hopes you are not among them. Therefore, be cautious with your next moves; do not blindly go long, but do not be overly attached to the profits from shorting either.
Currently, the market shows that the price of the coin is fluctuating around 104,000, forming a slight consolidation pattern. The daily chart indicates that on May 10, a long upper shadow appeared, suggesting significant resistance above. The technical indicators show that the hourly MACD is in positive territory, but the histogram is shortening, indicating a weakening of bullish momentum, and a short-term adjustment phase may be entering. The hourly RSI has fallen from the overbought zone to around 55, showing that the market is digesting the previous gains. The EMA7 and EMA30 are close to crossing on the hourly chart; if they cross downwards, it may signal a weakening of the short-term trend. The EMA120 remains upward, indicating a bullish long-term trend. Although the MACD shows a weakening of bullish strength, the KDJ entered the overbought zone yesterday, and there are signs of divergence between volume and price, along with a downtrend indicated by MA10 being greater than MA30, Bitcoin's price is still above key moving averages, and there have been consecutive large bullish candles, indicating that the bulls still have some strength. If it can break through the recent resistance level of 105,000, it may open up further upward space towards 110,000; if it cannot break through, it may oscillate within the current price range, or even experience a significant pullback due to weakening upward momentum, approaching support levels around 102,000 and 99,000. Therefore, Yanling suggests preparing for both scenarios.
Zhou Yanling's 5.11 Bitcoin Trading Strategy:
Go long at 102,500-103,200, with a stop loss below 101,500, targeting 104,000-105,000, and continue to look for 106,500 nearby.
If the resistance at 105,000 holds, go short at 105,000-104,300, with a stop loss above 106,000, targeting 103,400-102,500.
Zhou Yanling's 5.11 Ethereum Trading Strategy:
Go long at 2,450-2,500, with a stop loss below 2,400, targeting 2,600-2,650, and continue to look for 2,750 nearby.
Go short at 2,760-2,710, with a stop loss above 2,810, targeting 2,610-2,560.
[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 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 contracts/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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