Zhou Yanling: 10.26 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The CPI data released on Friday was lower than expected, and the core inflation data unexpectedly fell back, acting like a shot of adrenaline for the market. In the short term, this has had a certain impact on the price trends of cryptocurrencies, as the data has strengthened expectations for interest rate cuts by the Federal Reserve. The market has basically digested the expectation of two 25 basis point cuts for the remainder of the year, which will provide some support for cryptocurrency prices in the short term. However, due to factors such as profit-taking, it is difficult to form a one-sided upward trend in the short term. It is expected that the market will mainly experience high-level fluctuations or slight pullbacks before rising again. Cryptocurrency prices basically ended the week with fluctuations, and the interest rate decision early Thursday morning next week may not have a significant impact, allowing prices to continue to fluctuate within the large range of 106500-116000. Therefore, before breaking out of this range, continue to sell high and buy low, and be cautious of alternating bullish and bearish trends next week.
Currently, from a technical perspective, Bitcoin is showing a consolidation phase on the daily chart. The current candlestick shows a small bearish candle, indicating a slight retreat in market sentiment. On the hourly chart, the price has gradually pulled back from the high of around 112100, currently in a downward trend with multiple small bearish candles forming. The technical indicators MACD on the hourly chart show that both the DIF and DEA averages are continuously declining, with the MACD histogram in negative territory and expanding, indicating that bearish forces are dominant in the short term. The RSI value is 51.87, not entering the overbought or oversold zone, but showing a downward trend, indicating weakening bullish strength. EMA7 > EMA30 > EMA120, overall still maintaining a bullish arrangement, but the price has fallen below EMA7 in the short term, which may further test the support of EMA30. The market is expected to be quiet on Sunday, with no significant news impact, and there will not be much volatility, so continue to maintain short-term fluctuation operations.
Zhou Yanling's 10.26 Bitcoin Trading Strategy:
Sell at 112500-111800, stop loss above 113500, target 110300-109500
Buy at 109500-110300, stop loss below 108500, target 111500-112500
Zhou Yanling's 10.26 Ethereum Trading Strategy:
Buy at 3850-3890, stop loss below 3800, target 3960-4000
Sell at 4020-3980, stop loss above 4070, target 3900-3860
【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. The author 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 investors for a stable and decisive trading style, along with a friendly and responsible personality.
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