Zhou Yanling: 11.7 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
Currently, the vast majority of people are shorting the coin price, as it is sufficient to capture short-term trading signals and rhythms. It is important to emphasize the resistance levels from a technical perspective, which is the perfect strategy. The pursuit of trending markets remains very strong. Of course, regardless of these factors, it is a given that the coin price will maintain a period of fluctuation in the short term. After about another half month of fluctuation, it will likely enter the next major cycle. Friends who are bullish in the long term need not worry too much; from the daily and weekly charts, the later bull market is still present, it is just in an adjustment phase. Therefore, once this round of pullback is completed, there will still be significant bullish potential in the future market; just maintain patience.
Currently, from a short-term technical perspective, the Bitcoin daily chart shows a continuous price decline, with another long bearish candle formed yesterday. The hourly chart showed a fluctuating trend in the early hours of November 7, with the lows gradually rising, but overall it remains weak. In the MACD hourly chart, both DIF and DEA are negative, and the MACD histogram is green, indicating that bearish forces are dominant; however, there are signs of reduced volume, which may indicate an entry into a fluctuation phase. The RSI hourly value is 38.15, close to the oversold zone, indicating a demand for a rebound, but the strength is limited. The EMA hourly chart shows 7-period < 30-period < 120-period, with moving averages in a bearish arrangement, and the price is clearly suppressed by EMA7, indicating a continued bearish trend in the short term.
Zhou Yanling's 11.7 Bitcoin Trading Strategy:
Short at 102800-102000, stop loss above 103800, target 100000-99000, continue to break below 99000 to look for around 96000.
Long at 99000-100000, stop loss below 98000, target 101500-102500.
Zhou Yanling's 11.7 Ethereum Trading Strategy:
Short at 3360-3320, stop loss above 3400, target 3200-3160-3100.
Long at 3060-3100, stop loss below 3010, target 3200-3250.
【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.】
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. The author has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, focuses on capital management and risk control, and has a stable and decisive trading style, recognized by many investment friends for a friendly and responsible character combined with sharp and decisive operations.
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