Zhou Yanling: 5.22 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
The rise of Bitcoin is very straightforward, with not much speculation involved, so naturally, the analysis does not need to be overly complicated. Only in a volatile market do we require detailed analysis, because technical analysis is useful. Can you say the technicals are reliable in such a market? It’s just an acceleration after breaking a level. However, it has risen above 109,000, which is now somewhat awkward. Everyone knows how to trade; there are quite a few who chased the rise around 108,000, right? Currently, breaking through the 110,000 mark is just around the corner. Since early April, the price has continuously surged over 30,000 points. Although the bullish momentum is strong, we can also see from its previous decline that as long as the bears are given a little breathing room, they will seize the opportunity to strike back at the bulls. Therefore, the more critical the moment, the more we need to remain calm.
From the market analysis, the price has shown a continuous upward trend for several days, forming multiple bullish candles, indicating strong buying power in the market. The MACD is in the positive zone on the hourly chart, and the DIF line has crossed above the DEA line, indicating an increase in upward momentum in the short term. The RSI is approaching the overbought zone on the hourly chart but has not entered an extreme overbought state, suggesting there is still room for further increases. The EMA7, EMA30, and EMA120 moving averages are all in a bullish arrangement on the hourly chart, with prices consistently running above the EMA7, supporting the current upward trend. The recent market trend is very clear; any pullback is an opportunity to go long. Trading with closed eyes would still yield profits, so there’s no need for Yanling to elaborate further.
Zhou Yanling 5.22 Bitcoin Trading Strategy:
Buy at 107300-108000, stop loss below 106300, target 113000-114000
Sell at 114000-113300, stop loss above 115000, target 111000-110000
Zhou Yanling 5.22 Ethereum Trading Strategy:
Buy at 2500-2540, stop loss below 2460, target 2660-2700
Sell at 2720-2680, stop loss above 2760, target 2580-2540
[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 article is exclusively authored and 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's public account: Zhou Yanling to find the teacher.
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