Zhou Yanling: 8.1 Today's Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Yesterday, Yanling clearly predicted that the Federal Reserve would maintain interest rates in the short term, with the key being whether the wording is "discussed rate cuts" or "need more economic data" to determine the inclination. Ultimately, Powell's speech focused on an optimistic view of employment and concerns about inflation, leaning hawkishly, which led to a decrease in the expectation of a rate cut in September, and the market's expectation for the annual rate cut was also lower than before. In the policy statement, the dissenting votes from Governors Bowman and Waller only indicate internal disagreements, which the market was already aware of, hence the market reaction was muted. Since the next interest rate path will be determined by economic data, market sentiment will be driven by data going forward.
The interest rate decision has pushed for a deeper decline; however, since early yesterday morning, the market has maintained a relatively stable upward trend. The daily chart shows that the recent price has been fluctuating around 118,000, forming a slight upward trend. On the hourly chart, the price has tested the previous high multiple times but has not been able to break through the significant resistance level of 119,000, showing signs of a potential pullback in the short term. The hourly MACD histogram has turned from red to green, and the fast and slow lines have formed a death cross, indicating that a short-term adjustment phase may be entering; the daily MACD remains above the zero line, indicating that bullish strength still exists. The hourly RSI is at 51.75, close to the neutral zone, with no overbought or oversold signals in the short term; the daily RSI is at 57, showing a strong trend but not overheated. The hourly EMA7 is close to the current price, exerting some resistance; both EMA30 and EMA120 are providing support below, with the short-term trend still leaning towards bullish.
Zhou Yanling's 8.1 Bitcoin Trading Strategy:
Buy at 117,000-117,800, stop loss below 116,000, target 118,500-119,300
Sell at 119,700-119,000, stop loss above 120,800, target 118,000-117,200
Zhou Yanling's 8.1 Ethereum Trading Strategy:
Buy at 3,710-3,745, stop loss below 3,660, target 3,840-3,890
Sell at 3,900-3,850, stop loss above 3,950, target 3,760-3,720
【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.】
The content of 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, possessing a solid theoretical foundation and practical experience. He is skilled in combining technical and news-based operations, focusing on capital management and risk control, with a stable and decisive trading style, recognized by many investment friends for his easygoing and responsible character along with sharp and decisive operations.
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