Zhou Yanling: 7.5 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
The recent decline in the market can be understood from the top; it is not just a simple drop due to non-farm payrolls. It is based on the fundamental peak structure. Currently, Yanling is concerned about whether the 109,000 resistance can be effective. Originally, if Bitcoin had not experienced the non-farm drop, it could have evolved into a channel consolidation. However, since there has been a sharp decline, to determine whether the price can return to an upward adjustment posture, it is essential to have resistance at the 109,000 point. This is also the best entry point for a second short position, offering a very high cost-performance ratio. If the resistance is effective, set aside the idea of holding long-term, and consider taking profits over the weekend, looking at around 106,500, with 105,000 as support for further upward rebound potential.
From a technical indicator perspective, the daily level shows that the recent price has retreated from a high position, forming a large bearish candle yesterday, indicating that the bearish forces are currently strong, and the upward momentum from previous days is gradually weakening. On the hourly level, multiple consecutive K-lines have closed bearish, with the price quickly dropping from around 109,500 to about 107,500, showing a short-term downward trend. The hourly MACD technical indicator continues to expand downward, with both DIF and DEA below the zero axis, and the green bars are increasing, indicating that the current market is in a clear bearish trend. The hourly RSI value is 27.75, close to the oversold area, but has not yet entered the extreme low zone, suggesting a potential technical rebound demand. The hourly EMA7, EMA30, and EMA120 are all in a bearish arrangement, with the price operating below all moving averages, and EMA7 is exerting pressure on the price.
Zhou Yanling 7.5 Bitcoin Trading Strategy:
Short at 108,500-107,800, stop loss above 109,500, target around 106,600, continue to look for a breakdown towards 105,500.
Long at 105,500-106,500, stop loss below 104,500, target 107,800-108,600.
Zhou Yanling 7.5 Ethereum Trading Strategy:
Short at 2,530-2,500, stop loss above 2,570, target 2,430-2,390.
Long at 2,370-2,410, stop loss below 2,330, target 2,490-2,520.
【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 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. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, focusing on capital management and risk control. His trading style is steady and decisive, recognized by many investors for his easy-going and responsible character along with sharp and decisive operations. For more real-time community guidance, consultation on breaking even, market observation skills, and K-line learning, you can follow the teacher (WeChat public account: Zhou Yanling) to find the teacher.
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