Zhou Yanling: 5.15 Bitcoin High-Level Consolidation, Beware of Imminent Waterfall; Ethereum Weakness in Short-Term Correction
We've all seen price increases: surges, consecutive rises, pullbacks followed by rises, and one-sided increases. All of these require a continuous influx of buying in the market. It doesn't matter why; when emotional surges occur, that's how it is. Yanling often mentions a very real issue in practical guidance: just look at the recent consecutive rises and think about whether you felt it was easy to make money with Bitcoin before. Was there ever a need for any reason during each rise? But now you are starting to use CPI data or other news to gauge price rebounds, doesn't that contradict the emotional surge? Transitioning from offense to defense means you should be more patient and wait until the market truly moves. Not to say too far ahead, but recovering over 5000 points before rekindling bullish interest is perfectly fine. Sometimes, it's more important to learn to restrain yourself rather than constantly thinking about frequent operations.
From a technical perspective, Bitcoin's recent candlestick patterns show that prices are oscillating at high levels, forming a consolidation pattern after a slight pullback. Recently, a long upper shadow appeared, indicating significant pressure above, suggesting further adjustments in the short term. The current MACD is in the negative zone, and the fast and slow lines are approaching the zero axis, hinting at potential continued adjustments in the short term. The RSI value is around 44, not entering the overbought or oversold zones, indicating relatively neutral market sentiment, but it is necessary to monitor if it continues to decline. Both the EMA7 and EMA30 moving averages are trending downward, while the EMA120 remains upward, indicating a weak short-term trend, but the medium to long-term outlook remains bullish.
Zhou Yanling's 5.15 Bitcoin Trading Strategy:
Short at 104400-103600, stop loss above 105500, target 101600-100600, continue to look for a decline towards around 99200.
Long at 100600-101600, stop loss below 99500, target 102800-103500.
Zhou Yanling's 5.15 Ethereum Trading Strategy:
Short at 2630-2590, stop loss above 2670, target 2460-2415, continue to look for a decline towards around 2330.
Long at 2415-2455, stop loss below 2370, target 2550-2600.
[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 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, currently focusing on analysis and guidance for 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 market analysis skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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