Zhou Yanling: Bitcoin Plummets and Soars at 6.7 - Is the Bull Market Still On? Latest Analysis and Trading Strategy Today
Elon Musk and Donald Trump have "fallen out," causing Bitcoin to plummet nearly 6000 points overnight, overshadowing even the impact of non-farm payroll data. While many crypto enthusiasts lament that the market has become difficult to navigate since Trump's presidency, Yanling believes there is no need to overanalyze this conflict; both parties are already looking for a way out after the incident has escalated. Once close like "father and son," the two are now exposing each other's "dirty laundry," leaving the international community astonished. All phenomena are driven by interests, and there is a significant rift between them in terms of underlying logic and political interests, with the conflict having long been foreshadowed. As a Chinese proverb aptly puts it: "When the birds are gone, the good bow is hidden; when the cunning rabbit dies, the hunting dog is cooked." This is not surprising; as the saying goes, "All under heaven is bustling for profit," which is the norm, with no exceptions.
From the market trend perspective, the daily chart shows that after experiencing a sharp decline on Thursday and Friday, the price of cryptocurrencies has begun to gradually rebound and is currently in a phase of fluctuating upward movement, but it has not yet broken through the previous resistance level around 107000. The hourly chart has formed a series of small bullish candles, indicating short-term bullish dominance, but there is significant pressure around 107000. Technical indicators on the hourly chart show that both the DIF and DEA are diverging upwards, with the histogram in positive territory, indicating enhanced bullish momentum; however, the daily MACD has just crossed from a low position and has not yet fully confirmed a strong trend. The hourly RSI is approaching the overbought zone (above 60), which may face short-term correction pressure; the daily RSI remains neutral to strong (around 60), indicating relatively optimistic market sentiment. The hourly price is running above the EMA7, EMA30, and EMA120, with EMA7 > EMA30 > EMA120, showing a typical bullish arrangement; the daily price also stands firmly above the EMA7 and EMA30, indicating strong support. In terms of operations, Yanling believes it is essential to continue monitoring the strength of the resistance around 107000; as long as the price operates under this pressure, the focus can remain on short positions.
Zhou Yanling's 6.7 Bitcoin Trading Strategy:
Short at 106000-105200, stop loss above 107300, target 104400-103600
Long at 103500-104300, stop loss below 102500, target 105000-105800
Zhou Yanling's 6.7 Ethereum Trading Strategy:
Long at 2440-2470, stop loss below 2400, target 2520-2560
Short at 2560-2520, stop loss above 2600, target 2470-2440, continue to look for a downward move near 2400
【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 authored and 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 analyzing and guiding 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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