Zhou Yanling: 10.11 Rebound Correction Continues to Short Today's Bitcoin and Ethereum Latest Operation Strategy
Last night's data was predictably bearish for the coin price. Yanling had just mentioned in yesterday afternoon's article the probability of breaking below the 60,000 mark, and by 2 AM, it had dropped to around 59,000. I really have a knack for this, haha, whatever I say seems to happen. However, the recent market trends have been somewhat influenced by news. The previous monetary policy meeting minutes and various officials' speeches have also been bearish. The Federal Reserve is not entirely unified in its thinking; although we only saw one dissenting vote, those who voted for a 50bp increase were not completely in agreement either. They were just persuaded during the subsequent meeting process. While this did not change the outcome of the September decision, it did alter the future rate cut path. It is clear that it will be difficult to see another 50bp rate cut soon. The speeches emphasized caution, reliance on data, and risk balance. This wording has clearly indicated the upcoming policy intentions: to proceed cautiously and steadily, avoiding chaos in the economy, the elections, and inflation. As Yanling mentioned before: it will either be bearish or very bearish.
However, the impact on the coin price did not last long. In this situation, today's coin price has also rebounded. But there is no need to worry; this rebound consolidation is normal. In the short term, the coin price will likely drop again. Therefore, for those looking to go long or those in spot trading, Yanling suggests waiting for a better pullback opportunity. The upper pressure is clearly decreasing gradually; this pullback resistance has changed from the previous 62,500 to now 61,500. Breaking below 60,000 means that the lower space is gradually opening up. Next, we just need to look for rebound opportunities to set up for shorts. Last night it touched 59,000, and it will definitely test 57,600 next.
10.11 Bitcoin Operation Strategy:
Short at 61,200-60,700, stop loss above 61,700, target 59,500-59,000, continue to look for a breakdown towards 58,100-57,700.
Long at 58,000-58,600, stop loss below 57,500, target 59,000-59,500.
10.11 Ethereum Operation Strategy:
Short at 2,440-2,410, stop loss above 2,475, target 2,350-2,310, continue to look for a breakdown towards around 2,260.
Long at 2,340-2,370, stop loss below 2,300, target 2,410-2,440.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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