- Zhou Yanling: Bitcoin and Ethereum's latest trend forecast analysis and operational strategies for May 11th
Currently, there are no better trading options for Bitcoin. Short-term trading is the only way out, and the results of long and short trades are also very intuitive. Even Yanling herself trades like this every day. You will find that if you get the rhythm right, it will be very comfortable. However, some friends are very anxious about the current market, after all, volatility is not the desired result. However, the market itself is like this. What can you do? I think judgment is very important. After the deep V rebound at the beginning of the month, Bitcoin has been oscillating for a couple of weeks now. It is reasonable to compare it from the perspective of the oscillation cycle. Your concern is simply whether the support below Bitcoin will allow the market to develop directly upwards, thereby triggering another wave of bullish adjustments. Unfortunately, no one will give you a definitive answer. Even if you are right, you may not necessarily listen. Therefore, in Yanling's view, this kind of concern is unnecessary.
Today, continue to treat it as oscillating within the channel, and Yanling also reminds everyone to be careful not to expand the volatility when leaving the range. Currently, it seems that the hourly chart is maintaining oscillation and brewing the next big move. Faced with this kind of movement, as long as you did not enter a long position below 60600 last night, you probably wouldn't dare to enter a long position directly at this moment. The short-term MACD is showing a bearish divergence and shrinking volume, but the price is like boiling a frog in warm water, slowly swaying, quite agonizing, and waiting patiently. If you have a long position at a low level, I believe you are willing to continue holding and watching it rise, because a good position combined with sufficient bottom position is courage. Therefore, if you don't have a bottom position and haven't seized a good position, you can either watch the show all the way, or try to speculate on the rebound correction through key channels and key segmented resistance. From the perspective of the market trend and various indicators, the channel resistance at 62000 is temporarily suppressed. Due to the impact of last night's news data, the market experienced a rapid retreat, and many people dared not chase the rise and could only watch. But today is different. Speculating on the rebound requires seizing the opportunity at all times, which is also a feature of the market in recent days. Yanling has always said that the market in recent days is most suitable for short-term trading and seizing the opportunity. Therefore, today's operation is still the same, focusing on short-term trading. Pay close attention to the support around 59500 during the day. As long as it continues to stabilize above this level, then you can go long on the rebound above the low support today. The upper resistance continues to focus on the first resistance at 62000, followed by around 63500.
Bitcoin operational strategy for May 11th:
- Short at 61600-61200, stop loss at 400 points, target at 60400-60000-59600
- Long at 59500-60000, stop loss at 400 points, target at 60700-61100, and then look at around 61800
【The above analysis and strategies are for reference only. Please bear the risk on your own. The article's review and release may have lagging strategies and lack timeliness. Specific operations should be based on Yanling's real-time strategies】
This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other coin circle contracts/spots operations. With solid theoretical foundation and practical experience, the author is good at technical and fundamental analysis, focusing on capital management and risk control. The operating style is steady and decisive, and is recognized by the majority of investment friends for being easy-going and responsible, as well as decisive operations. If you need to know more about real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the teacher (WeChat: Zhou Yanling) for more information.
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