Zhou Yanling: Big Sweep in the 9.4 Range, Fluctuating Between Long and Short, Latest Analysis of Bitcoin and Ethereum Today
Those who often read my articles should know that Yanling has been bearish and shorting recently. Before that, I was originally happy to see 57000 and then 56000. Some people may find it surprising, but considering the performance of last week, the continuous decline at the beginning of the week and the downward movement of space are fully capable of this. It's just that everyone has been immersed in the oscillating warm bed for too long recently and is not used to the appearance of large fluctuations. As a result, 57000 really became the support. Fortunately, I didn't wait hard for 56000 on Monday, otherwise the subsequent rebound would have been tough.
This is not the most important thing. The key is that yesterday, on Tuesday, it fell back near 59400, which means that an hourly double bottom structure has been formed. Including the current market has entered the bottom oscillation again, so Yanling is now thinking of changing the mindset to look at the oscillation again. The current position is very suitable for long positions, as the magnitude and time of the recent decline are just in contrast to the rebound of the previous day. In terms of short-term operations, the support below continues to operate based on 57000, and the upper pressure is around 59500.
Bitcoin Operation Strategy on 9.4:
- Long at 57000-57600, stop loss below 56500, target 58400-58900
- Short at 59000-58500, stop loss above 59500, target near 57500-57000, breaking 57000 to see near 56000
Ethereum Operation Strategy on 9.4:
- Long at 2430-2450, stop loss below 2400, target near 2490
- Short at 2490-2470, stop loss above 2520, target 2430-2390, continue to break down to see near 2305
[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. Specific operations are subject to Yanling's real-time strategies.]
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 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, and learning chart reading skills, you can follow the teacher's official account: Zhou Yanling to find the teacher.
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