Zhou Yanling: 10.30 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The main event tonight is clearly the market's focus on the Federal Reserve's interest rate decision. As it stands, a 25 basis point rate cut is almost a certainty. The key will be Powell's press conference; if Powell indicates that there will be further rate cuts next year, then the cryptocurrency prices will soar. If he takes a cautious stance, then prices may experience a certain pullback. Therefore, the crucial factor is whether Powell's remarks are hawkish or dovish and whether he announces the end of balance sheet reduction. Additionally, if you're tired, just take a break; there's no need to stay up waiting for the decision announcement. From years of experience in the crypto space, I genuinely feel that it's unnecessary to wait for that moment because the market has already priced in these expectations. When the decision is made, it may not lead to significant volatility. It's best to maintain a calm mindset; even if there is considerable fluctuation, it won't be detrimental, and there will still be opportunities to trade during the day.
Currently, from a technical perspective, Bitcoin is in a recent downtrend on the daily chart, forming consecutive bearish candles and showing a clear downward trend. On the hourly chart, after a rebound near 113600, the price has fallen again and is currently in a weak consolidation state. The MACD technical indicator shows that both the DIF and DEA on the hourly chart are negative and diverging downwards, indicating an increase in bearish momentum. The daily chart also shows that bears are in control, but there are signs of weakening. The hourly RSI is at 27.72, entering the oversold zone, indicating a demand for short-term rebounds; the daily RSI is at 36.09, close to the oversold area, still showing a weak overall trend. The 7-period, 30-period, and 120-period moving averages on the hourly chart are all in a bearish arrangement, with the current price running below all moving averages, indicating continued pressure in the short term. On the daily chart, the price is also below the major moving averages, confirming a downward trend, so the short-term strategy should primarily focus on short positions.
Zhou Yanling's 10.30 Bitcoin Trading Strategy:
Short at 113500-112700, stop loss above 114500, target 111000-110000
Long at 109600-110400, stop loss below 108500, target 111600-112600
Zhou Yanling's 10.30 Ethereum Trading Strategy:
Short at 4030-3990, stop loss above 4080, target 3870-3820
Long at 3810-3850, stop loss below 3760, target 3940-3980
【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 focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency 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 investors for his steady and decisive trading style, as well as his easygoing and responsible personality.
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