- Zhou Yanling: Don't rush to bottom fish at 8.8! Wait for this round of decline before positioning! Latest strategies for Bitcoin and Ethereum today
Our understanding of the market is usually quite conventional. After a big drop, why not wait for a rebound? Not to mention in the case of a market crash and a big drop, why do many people have the obsession of bottom fishing? To put it simply, it's because they couldn't resist the urge to see a rebound halfway through, and when the rebound didn't happen and the price continued to drop, they had to convince themselves that they were bottom fishing. Let it go, be kind to yourself. Simply put, if today's coin price continues to break through 58000 and rise, then Yanling's trading choice for the day is very simple: continue to look for a bullish trend near 59600 in the high-level oscillation, and then look for an opportunity to continue to short on Friday. I know that trading is not as smooth as saying a few words, and there will definitely be a lot of back and forth situations, but it will basically not deviate from this trading expectation.
Currently, the key point is at 59600. As long as there is no breakthrough in the rebound, there is no problem with profiting from this round of decline. Don't consider a trend reversal, because even if the price rebounds to 60000, it is not enough to change the trend. Just look at the daily chart and you will know. Don't think that a range of a few thousand dollars is a trend, it's confusing. The subsequent decline after this rebound matches the previous trend, and this does not require speculation and judgment, because the rebound has already occurred, this is a fact. Looking at the development of this form, 58000 is very crucial next, and the initial target after breaking through is around 59500, and then we can talk about whether there will be a reversal and upward adjustment. To make big profits, at least psychological preparation and quality need to be prepared in advance. You should be like this form at the daily level. Once it is formed, it will become the top of the cycle, and if it is not formed, Yanling will reorganize the thinking. Any entry into a trade must be accompanied by market dynamics to be valid, otherwise it is just speculation.
Bitcoin operation strategy on 8.8:
- Long at 54600-55200, stop loss below 54000, target 56200-56900
- If 58000 is not broken, go short directly, short at 57400-56800, stop loss above 58000, target 55100-54500
Ethereum operation strategy on 8.8:
- Short at 2430-2390, stop loss above 2470, target 2310-2270
- Long at 2260-2300, stop loss below 2210, target 2360-2420
[The above analysis and strategies are for reference only. Please bear the risk on your own. The article review and release may have lagging strategies and lack 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 public account: 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 contract/spot operations. If you need to understand more real-time community guidance, consultation on getting out of trouble, learning chart reading skills, etc., you can follow the teacher's public account "Zhou Yanling" to find the teacher.
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