- Zhou Yanling: Bitcoin and Ethereum's latest trend forecast analysis and operational strategies for May 13
After two days of oscillation over the weekend, there was finally some movement on Monday. Unexpectedly, 61800 became the long-awaited high point for this wave of small short positions. However, after three hours, the price of the coin surged back up after a basic buffer space, which was somewhat expected. After all, everyone's vision when trading is the same: to see immediate results after entering the market, in order to have a sense of conquering the market.
First, let's talk about the breakthrough in the upward trend. The overall market oscillation is gradually biased towards the upside. The wedge-shaped upward channel is very standard, and it is a pattern transformation simulation that Yanling made early on, which is currently being validated. The fact that the market has been trading sideways over the weekend at the Fibonacci support point and at the low point of the channel implies something, right? Let's not talk about how fast the rebound is, but at least we can judge that it is going to rise! This is also the reason why I changed from bearish to bullish earlier. The main focus of trading is to be decisive. When the price reaches a certain point, I just sell. In this kind of pullback situation, I don't think it can be considered a shorting opportunity. Do you think I will hesitate to buy in the subsequent rise? Therefore, the current trading is very clear. Just continue to operate back and forth within the range of 60000-63500. In the short term, the market is in a rhythm that is biased towards the upside.
Bitcoin operational strategy for May 13:
- Long at 61500-62000, stop loss at 400 points, target at 62700-63100-63500
- Short at 63200-62900, stop loss at 400 points, target at 62000-61600
[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 have timeliness. Please refer to Yanling's real-time strategy for specific operations.]
This article is exclusively created 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 the operation of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other coin circle contracts/spots. 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. The author is recognized by a large number of investment friends for being easygoing and responsible, as well as for sharp and 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).
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