Zhou Yanling: Bitcoin fell as expected on February 18, and the bearish trend will continue. Ethereum rebounded to the target, continue to short.
Recently, Yanling's strategy points have been quite good. To be honest, in such a market, both bulls and bears have opportunities, which everyone can see. The problem is that the fluctuation range is relatively small. If some people miss the timing and do not enter in time, it will be difficult to get back into the range later. Although the final result is good, as it did indeed drop yesterday, the market is too volatile. Fortunately, the positions I provided are not at an awkward mid-level, which also created good conditions for us to exit in time.
Continuing to look at the technical indicators, the daily chart has recently shown consecutive bearish candles, indicating that market sentiment continues to lean bearish in the short to medium term. The hourly MACD is in the negative zone, and both DIF and DEA are diverging downwards, showing strong bearish momentum. The current RSI is around 37, close to the oversold area, but has not yet entered an extreme oversold state, suggesting a potential short-term rebound demand. The current price is below EMA7, EMA30, and EMA120, indicating that the short, medium, and long-term moving averages are in a bearish arrangement, and the overall trend remains bearish for now. Therefore, the intraday operation should continue to focus on shorting at resistance levels, with low-level longs as a supplement.
Zhou Yanling's Bitcoin trading strategy for February 18:
Short at 96600-96000, stop loss above 97300, target 94800-94100, continue to look for a decline towards around 93100.
Long at 94000-94600, stop loss below 93300, target 95800-96400.
Zhou Yanling's Ethereum trading strategy for February 18:
Short at 2800-2760, stop loss above 2850, target 2680-2635, continue to look for a decline towards around 2560.
Long at 2630-2670, stop loss below 2590, target 2740-2785.
【The above analysis and strategies are for reference only. Please bear the risk 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 article is exclusively shared by senior analyst Zhou Yanling (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 contract/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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