Zhou Yanling: Latest Trend Prediction and Trading Strategy for Bitcoin and Ethereum on July 4th
Recently, the price of cryptocurrencies has been quite strong, continuously climbing. However, this morning the daily line closed with a bearish candle due to the higher-than-expected non-farm employment data released last night, which led to a rapid pullback in prices, breaking below the 109,000 level and damaging the previous bullish structure. In the short term, the market has temporarily weakened, but as of now, the price has not continued a strong downward trend; instead, it has started to consolidate. This bearish candle has made the subsequent market outlook unclear, and since today is also a holiday in the United States, we will focus on whether the price continues to decline. We can follow the trend accordingly, but one thing to note is that in this kind of consolidating pullback market, we should let go of any obsession and focus on short-term fluctuations. Do not expect to hold for too long or aim for too large a space. The bullish support below is around 105,000. If the price does not break below this level during the pullback, the bullish trend will continue to push higher. Therefore, short positions should be taken with caution and closed when in profit.
Zhou Yanling's Trading Strategy for Bitcoin on July 4th:
Sell at 110,500-109,500, stop loss above 111,500, target 107,500-106,500
Buy at 106,300-107,300, stop loss below 105,000, target 109,000-110,000
Zhou Yanling's Trading Strategy for Ethereum on July 4th:
Sell at 2,620-2,590, stop loss above 2,660, target 2,500-2,460
Buy at 2,450-2,480, stop loss below 2,410, target 2,560-2,590
【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, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, emphasizing capital management and risk control. His trading style is steady and decisive, recognized by many investors for his easygoing and responsible character along with sharp and decisive operations. For more real-time community guidance, consultation on position liquidation, market observation skills, and candlestick learning, you can follow the teacher (WeChat public account: Zhou Yanling) to find him.
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