Zhou Yanling: 8.4 Today's Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
This Friday, the non-farm payroll data was significantly lower than expected, and the Federal Reserve revised down the data for May and June, but Powell still did not cut interest rates. At the same time, Trump's deployment of nuclear submarines clearly indicates an intention to crash the crypto market. The non-farm payroll data serves as a "heartbeat monitor" for traditional finance and is gradually becoming a "thermometer" for the crypto market. In fact, since last year, the downward revision of non-farm payroll data has become the norm, and this time the significant drop has triggered market panic. A large-scale downward revision may be a precursor to interest rate cuts; if this logic holds, the probability of a rate cut in September is extremely high, almost certain. The current market's pullback testing trend is likely to continue for more than 20 days. It is expected that after the interest rate cut in September, the market will likely reopen the next wave of upward trends.
Currently, from the market trend, after experiencing several days of decline, the daily line has shown a rebound today, forming a long bullish candle, indicating that short-term bullish strength is increasing. On the 4-hour level, the price has broken below the short-term consolidation range, and the K-line continues to be under pressure, maintaining a good oscillating downward trend on the short-cycle moving averages. There are slight signs of stabilization in the smaller time frames, and short-term attention can be paid to the rebound repair in the short term. The trading volume over the weekend is relatively light, and the operation is mainly focused on oscillation and consolidation, primarily aiming for rebound shorts, with small rebounds in the short term.
Zhou Yanling's 8.4 Bitcoin Trading Strategy:
Short at 115000-114000, stop loss above 116000, target 111300-110400
Long at 110000-111000, stop loss below 109000, target 113500-114500
Zhou Yanling's 8.4 Ethereum Trading Strategy:
Short at 3550-3510, stop loss above 3600, target 3360-3310
Long at 3300-3340, stop loss below 3250, target 3460-3500
【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 crypto contracts/spot operations. He has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and is recognized by many investment friends for his steady and decisive trading style, along with his easygoing and responsible character.
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