Zhou Yanling: 8.28 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
This fierce market trend is ultimately just a flash in the pan. I see many people saying that A-Chuan has fired members of the Federal Reserve, and the cryptocurrency market will definitely surge uncontrollably. Risk aversion has already manifested, and this is the best time to buy! I can only say, buying without understanding what risk aversion means will only lead to disaster. Just like I never follow the trend to complain that price fluctuations depend entirely on A-Chuan; the fundamentals may seem strong at first but lack continuity later. The main driving force and coherence still rely on technical analysis. I won't say it can achieve everything, but most of the time, it can.
In the past two days, the market has basically been oscillating within a large range. From a technical perspective, Bitcoin's daily price has been fluctuating at a high level recently, with a long upper shadow formed on August 26, indicating strong selling pressure above. On the hourly chart, there have been consecutive bearish candles in the short term, and the volatility has decreased, possibly entering a consolidation phase. The MACD on the hourly chart shows both DIF and DEA are in positive territory, but the MACD histogram is shortening, indicating a weakening bullish force and a risk of turning bearish. The current RSI on the hourly chart is 57.11, not entering the overbought or oversold zones, indicating that there is currently no extreme market sentiment, but the overall trend is weak. The EMA on the hourly chart shows that EMA7 has been breached by the price, EMA30 is close to a support level, and EMA120 is far from the current price, indicating a bearish trend. In summary, today's trading strategy suggested by Yanling is to focus on short positions.
Zhou Yanling's 8.28 Bitcoin Trading Strategy:
Short at 112800-112000, stop loss above 113800, target 111000-110200, continue to look for a decline towards around 109200.
Long at 109200-110200, stop loss below 108200, target 111500-112300.
Zhou Yanling's 8.28 Ethereum Trading Strategy:
Short at 4690-4650, stop loss above 4730, target 4560-4520, continue to look for a decline towards around 4400.
Long at 4400-4440, stop loss below 4350, target 4520-4570.
【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.】
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 contract/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 personality.
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