Zhou Yanling: 11.13 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
Risk aversion has pushed the coin price temporarily out of the fluctuation range, but without new stimuli, it is difficult to achieve a greater breakthrough. Since October, it has been hovering below the new high retreat platform. The September data, originally scheduled for release on October 3, was lost due to a pause in statistics, and the difficulty of retroactive recording after a month raises doubts about its accuracy. The authorities have not yet clarified whether to supplement the data. The annual employment and unemployment rate data can still be compensated, but the private sector data has shown weakness, with last week's layoffs of 11,000 and other weekly data compounding, leading to a rise in expectations for a Federal Reserve rate cut in December (the market did not react when the ADP data was released). The current market is waiting for official employment data and clear signals of a Federal Reserve rate cut, which is one of the reasons for the downward shift in the fluctuation space of coin prices while still maintaining a fluctuating market.
From a technical perspective, the daily chart shows that prices have been continuously declining, forming a long bearish candle, with a low of 101,300 reached on November 12, indicating overall weakness. The hourly chart experienced a rapid decline in the early hours of November 13, with the K-line body shrinking, showing signs of a potential stop in the decline. The MACD technical indicator on the hourly chart is below the zero axis, with both DIF and DEA being negative, and the MACD histogram gradually narrowing after multiple expansions, indicating a weakening of bearish momentum. The RSI on the hourly chart hovers around 30, close to the oversold area, but has not entered a trend-based oversold state, suggesting a possibility of rebound. The EMA on the hourly chart shows a bearish arrangement for the 7, 30, and 120 moving averages, with EMA7 close to the current price, indicating significant short-term pressure; EMA30 and EMA120 are far from the price, suggesting continued weakness in the medium term, with short-term support to watch at the 100,000 integer level.
Zhou Yanling's 11.13 Bitcoin Trading Strategy:
Buy at 100,700-101,600, stop loss below 99,700, target 103,200-104,000
Sell at 104,200-103,400, stop loss above 105,200, target 101,500-100,500
Zhou Yanling's 11.13 Ethereum Trading Strategy:
Sell at 3,490-3,450, stop loss above 3,540, target 3,340-3,290
Buy at 3,270-3,320, stop loss below 3,220, target 3,380-3,420
【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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