Zhou Yanling: 5.14 Bitcoin High-Level Consolidation Triggers Major Moves, Ethereum Follows Up with a Look at 2800
Recently, influenced by Powell's remarks on not rushing to cut interest rates, a hawkish policy statement, the conclusion of the China-U.S. tariff agreement, and the easing of geopolitical tensions in regions like Russia-Ukraine and India-Pakistan, cryptocurrency prices have continued to decline. In the short term, in the absence of new positive drivers, prices are expected to fluctuate in the range of 100,000 to 105,000 or further decline. Looking ahead, the benefits from tariffs have peaked, and it will be difficult for them to help prices reach new highs; easing signals will also affect price trends. However, concerns about the economy and inflation triggered by tariffs remain, and the Federal Reserve may cut interest rates within the year. The geopolitical situation is only temporarily eased, and prices will oscillate at high levels; by the end of the second half of the year, as the interest rate cut cycle ends and other factors come into play, prices may begin to see a peak correction. At that time, everyone should be cautious of the risks of chasing high positions.
From a technical perspective, prices are currently oscillating at high levels, forming multiple small fluctuations in K-lines, indicating market indecision. The daily chart shows a long lower shadow, indicating strong buying support at lower levels. The technical indicator MACD on the hourly cycle is positive and gradually increasing, showing that bullish strength is strengthening in the short term; the daily cycle MACD is still in negative territory, but DEA is starting to flatten, indicating a possible reversal. The hourly cycle RSI is close to 60 and has not entered the overbought zone, indicating that there is still room for upward movement; the daily cycle RSI has risen above 50, indicating a bullish mid-term trend. The hourly cycle EMA7, 30, and 120 moving averages are in a bullish arrangement, supporting a short-term bullish outlook; the daily cycle EMA7 has broken through EMA30 and EMA120, indicating a strengthening mid-term trend. At the 4-hour level, the short-term 5-day moving average is expected to golden cross with the 10-day moving average, and continuing above 100,000 will provide certain support, with the key strong support still around the 93,000 line; resistance includes the 110,000 integer level, which is also a significant high point and a pressure point. Recent operations should pay attention to the gains and losses between support and resistance.
Zhou Yanling's 5.14 Bitcoin Trading Strategy:
Short at 105500-104600, stop loss above 106500, target 102500-101500, continue to look for a decline near 100600.
Long at 100900-101700, stop loss below 100000, target 103200-104000.
Zhou Yanling's 5.14 Ethereum Trading Strategy:
Long at 2460-2500, stop loss below 2400, target 2600-2650, continue to look for an upward move near 2790.
Short at 2790-2750, stop loss above 2840, target 2650-2600.
【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 liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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