Zhou Yanling: 10.28 Bitcoin BTC and Ethereum ETH Latest Trend Prediction and Trading Strategy
This week is a super week, with several major central banks, including the Federal Reserve, set to announce interest rate decisions. Especially for the Federal Reserve, it is almost certain that they will continue to cut rates by 25 basis points early Thursday morning. The market currently expects that the Federal Reserve will continue to cut rates this week and in December. As long as this expectation does not undergo significant changes, it will continue to support the cryptocurrency market. On the other hand, with significant progress in the US-China consultations over the weekend, the US is temporarily not considering imposing a 100% tariff on us, which has somewhat weakened the market's risk-averse sentiment. Recent market fluctuations have been considerable; in such a large range of back-and-forth movements, it is better to chase the rise and fall rather than go against the trend. Whether going long or short, one must strictly maintain defensive measures at all times.
From a technical perspective, Bitcoin has been continuously rising on the daily chart, forming multiple bullish candles, and overall showing a trend of oscillating upward. Last night, after reaching around 116,400, it entered a short-term retracement mode, indicating some selling pressure at this level. On the hourly chart, the price rebounded after finding support near 114,300, testing the resistance level around 115,600 multiple times but failing to break through effectively. Currently, it is in a range-bound oscillation state. The technical indicators MACD on the hourly chart show both DIF and DEA are in negative territory, with the MACD histogram shrinking, indicating weakening momentum, and it may enter an adjustment phase in the short term. The RSI on the hourly chart is at 59.76, having exited the overbought zone but still leaning towards strength, requiring attention to whether it will further retrace. The EMA on the hourly chart shows EMA7 and EMA30 maintaining a golden cross, indicating a short-term upward trend; EMA120 is far below the current price, and the long-term trend remains bullish.
Zhou Yanling's 10.28 Bitcoin Trading Strategy:
Buy at 113,200-114,200, stop loss below 112,200, target 117,000-118,000
Sell at 118,000-117,200, stop loss above 119,000, target 115,500-114,500
Zhou Yanling's 10.28 Ethereum Trading Strategy:
Buy at 4,100-4,140, stop loss below 4,050, target around 4,290, if breaking 4,300, continue to hold with a target around 4,400
Sell at 4,420-4,380, stop loss above 4,470, target 4,260-4,210
【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.】
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 investment friends for a stable and decisive trading style, characterized by a friendly and responsible personality along with sharp and decisive operations.
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