Zhou Yanling: The 1.6 Cryptocurrency Bull Market is Here! Latest Trend Predictions and Trading Strategies for Bitcoin BTC and Ethereum ETH
Although the recent rise in the cryptocurrency market has been driven by news, that is just one aspect of the factors at play. A more core factor is that, from the perspective of the larger cycle of cryptocurrency prices, we are already at a stage where a small bull market is about to begin. Zhou Yanling mentioned this in previous analysis articles, and as we approach the New Year, everyone can prepare for the arrival of the small bull market. Now that the New Year has passed, it has basically started, and it is expected to be a slow upward trend, giving you the feeling of wanting to get in but being hesitant. Therefore, do not hesitate; whether you are trading long-term spot or going long on contracts, seize any recent pullback opportunities to get in, or it will be harder to catch up later, as this time we can only expect a small bull market, not a full-blown bull market, so the potential for growth is limited.
From a technical perspective, the daily chart for Bitcoin shows a continuous price increase, forming multiple bullish candles, indicating a strong upward trend. On the hourly chart, there is high-level consolidation around 93,950, and there may be short-term pullback pressure. The hourly MACD histogram is expanding, indicating increased bullish momentum, but the DIF and DEA are approaching the overbought zone, so we need to be cautious of divergence risks. The hourly RSI is at 74.76, in the overbought area, indicating a short-term need for a pullback; the daily RSI is gradually rising, suggesting that the overall trend remains bullish. The hourly EMA7 and EMA30 are both diverging upwards, providing strong support. The current price is far from the EMA120, indicating the possibility of a technical pullback. In terms of operations, the recent long-term main tone is bullish, looking for support at 89,000 and aiming for the small bull market to develop towards the 100,000 mark, with short-term adjustments switching to short positions as needed.
Zhou Yanling's 1.6 Bitcoin Trading Strategy:
Go long at 92,200-93,000, stop loss below 91,200, target 95,600-96,500.
Go short at 97,000-96,200, stop loss above 98,000, target 95,000-94,200.
Zhou Yanling's 1.6 Ethereum Trading Strategy:
Go long at 3,100-3,140, stop loss below 3,060, target 3,240-3,280, continue to look for upward movement towards 3,370.
Go short at 3,300-3,260, stop loss above 3,340, target 3,180-3,140.
【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 cryptocurrency market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. With a solid theoretical foundation and practical experience, the author excels in combining technical and news-based operations, focusing on capital management and risk control. The trading style is steady and decisive, recognized by many investment friends for a friendly and responsible character combined with sharp and decisive operations.
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