Zhou Yanling: 12.11 Bitcoin BTC Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The Federal Reserve announced a continued interest rate cut of 25 basis points, marking the third rate cut this year. Powell's speech leaned dovish, and the market reacted strongly. As predicted by Yanling, the market surged and then sharply retreated. This aligns with what I have been telling everyone about buying on expectations and selling on facts. In Monday's (12.8) article, I mentioned that even if the rate hike temporarily boosts prices, it is merely a trap for buyers, and ultimately, a significant drop will follow. Therefore, any bullish market should be approached with caution, treating it merely as a rebound. I expect the market to trend mostly bearish in the last few days of this week, with a focus on shorting during rebounds.
Currently, from a technical indicator perspective, Bitcoin's price is showing a trend of oscillating downward. Recently, hourly candlesticks have frequently shown long upper shadows, indicating heavy selling pressure above. The daily chart shows two consecutive bearish days, with high points gradually decreasing, indicating short-term bearish dominance. The hourly MACD is consistently operating below the zero line, with both DIF and DEA diverging downward, enhancing bearish momentum; the daily MACD shows an expanding green histogram, indicating clear bearish signals. The hourly RSI is at 31.3, close to the oversold zone but not yet in a strong rebound area; the daily RSI is in a weak range, with no significant divergence signs. Both the hourly EMA7 and EMA30 are applying pressure on the current price, while EMA120 is far above the current price, indicating an overall bearish trend; the daily EMA system also shows a bearish arrangement, suggesting to trade in line with the trend and focus on shorting.
Zhou Yanling's 12.11 Bitcoin Trading Strategy:
Short at 91600-90600, stop loss above 92600, target 89000-88000
Light long at 88000-89000, stop loss below 87000, target 90000-91000
Zhou Yanling's 12.11 Ethereum Trading Strategy:
Short at 3250-3200, stop loss above 3300, target 3100-3050
Long at 3030-3070, stop loss below 2980, target 3150-3200
【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 over ten years of experience in cryptocurrency market investment research, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, the author excels in combining technical and news-based operations, emphasizing capital management and risk control. The trading style is steady and decisive, recognized by many investors for a friendly and responsible character combined with sharp and decisive operations.
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