Zhou Yanling: 5.5 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
During this May Day holiday, apart from a significant surge on May 1st, there have been no major fluctuations in the market since then. Instead, the market has been characterized by slow and grinding rises and falls. Although our trades have been consistently profitable, the sluggish market is quite exhausting. Alright, looking ahead, the market may continue the trend of warming risk appetite in the short term, with the US dollar index stabilizing around the 100 mark. Cryptocurrency prices may continue to fluctuate around 95,000, and we need to pay attention to the strength of the support level at 94,000. In the medium to long term, the potential risks in the labor market cannot be ignored. The ongoing contraction in manufacturing employment and the low confidence among businesses may translate into more noticeable layoff pressures in the coming months, especially in the context of increased economic uncertainty caused by Trump's tariff remarks. If policy uncertainty persists, the risk of a hard economic landing will significantly increase. The Federal Reserve's policy path will also become a key variable. Currently, market expectations for a rate cut in June have cooled significantly. If subsequent data continues to show resilience in the labor market, the Federal Reserve may further delay the timing of rate cuts, and the total number of rate cuts for the year may even be less than three. This will support US Treasury yields and the dollar but may put pressure on risk assets. Cryptocurrency enthusiasts should closely monitor the inflation data and the Federal Reserve's meeting minutes in late May to assess the further direction of monetary policy. Overall, the better-than-expected performance of April's non-farm payroll data has injected short-term confidence into the market, but the downward revisions of historical data and external uncertainties still keep investors on guard. In the short term, risk assets may still have upward potential, but medium to long-term downward risks are accumulating.
From a technical indicator perspective, on the hourly level, cryptocurrency prices are fluctuating at high levels, forming small alternating K-line patterns. The daily level shows a significant downward trend recently, but it is currently in a low-level consolidation phase. The hourly MACD histogram remains negative, indicating that there is still some selling pressure in the short term. The daily level also shows a bearish trend. The hourly RSI is close to the oversold zone, which may lead to a rebound. The daily RSI value is relatively low, indicating weak market sentiment. The hourly EMA7 and EMA30 moving averages have crossed below the EMA120, showing a bearish short-term trend. The daily EMA arrangement also supports the bearish trend. Therefore, it is evident that in the short term, the trading strategy should continue to focus on the bearish direction, with short positions at low levels as a supplement.
Zhou Yanling's 5.5 Bitcoin Trading Strategy:
Short at 96,500-95,800, stop loss above 97,500, target 94,800-94,000
Long at 93,800-94,500, stop loss below 92,800, target 95,300-96,000
Zhou Yanling's 5.5 Ethereum Trading Strategy:
Short at 1,860-1,840, stop loss above 1,890, target 1,815-1,780, continue to look for a downward move towards 1,740
Long at 1,770-1,795, stop loss below 1,730, target 1,825-1,855
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's 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 (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 recovery, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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