- Zhou Yanling: Bitcoin and Ethereum's latest trend forecast analysis and operational strategies for May 9th
Yesterday's Bitcoin price prediction was almost spot on, but I wonder if everyone followed it. The market has experienced some twists and turns, as predicted by Yanling. The market fell as expected last night and rebounded near the 60800 level this morning. Whether or not you participated in the initial rise, the price surged in the second hour. It has now reached the target level of around 61700 that I provided. Although this rebound seems promising, it doesn't mean we should not anticipate or have confidence in a subsequent decline. In a volatile market, both rises and falls are rapid and can occur without any specific reason, guided only by a simple technical signal. It is this understanding that allows Yanling to provide such accurate positioning. I'm quite busy today, so I won't elaborate further. In terms of today's operations, the main focus is on shorting at the resistance level after the rebound, with long positions as a secondary consideration. The upper resistance level to watch is still around 62600, while the first support level to note is at 60700. If this level is breached, the next support to watch is around 59600, which is also the target for short positions today.
Bitcoin operational strategies for May 9th:
- Short at 62400-62000, stop loss at 400 points, target 61200-60800, continue to watch for a further decline to 60000-59700.
- Long at 59800-60200, stop loss at 400 points, target 61100-61500.
[The above analysis and strategies are for reference only. Please bear the risks on your own. The publication of the article may have a lag in strategy and does not possess timeliness. Please refer to Yanling's real-time strategy for specific operations.]
This article is exclusively authored by senior analyst Zhou Yanling (WeChat: Zhou Yanling). With over ten years of experience in financial market investment research, the author mainly analyzes and guides operations in the cryptocurrency contract/spot market, including BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, etc. The author has a solid theoretical foundation and practical experience, excels in technical and fundamental analysis, emphasizes on capital management and risk control, and adopts a steady and decisive operational style. Widely recognized by investment friends for being easygoing and responsible, as well as for sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlestick charts, please follow the author (WeChat: Zhou Yanling).
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