Zhou Yanling: 8.2 Today's Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Last night's continued deep dive is somewhat related to the data. As of now, the price has already broken below the 114,000 support level. I wonder what your trading posture and state are while reading this article. Whether in spot or contract trading, have you bought at a high point and are now stuck? Or have you been liquidated and are starting to prepare for a bearish outlook? Or do you have greater ambitions for bottom fishing? There are really just these three situations; there shouldn't be any others. In fact, if you want to continue to look bearish from this position, it's not impossible, but the risk outweighs the reward at this moment. My personal suggestion is to only hold short-term positions. The daily line is gradually approaching the lower support, and it would be more prudent to wait for a better bottom-fishing opportunity.
From the current market trend, the daily price is in a downward oscillation trend, with several consecutive days of closing in the red, and the highs are gradually decreasing. On the hourly chart, there is currently a short-term rebound, but overall it has not broken through the previous high point around 116,000. The technical indicator MACD on the hourly chart shows that both DIF and DEA are operating below the zero axis. Although there are slight signs of a golden cross, the momentum bars are weak, indicating limited rebound strength. The RSI on the hourly chart is at 46.70, close to the neutral zone, not entering the overbought or oversold range, and market sentiment is cautious. The EMA on the hourly chart shows that the 7-period moving average has crossed above the 30-period moving average, but the 120-period moving average is still far from the current price, indicating that the short-term rebound is not enough to change the recent downward trend. Overall, in the short term, the strategy should primarily focus on shorting during the rebound.
Zhou Yanling's 8.2 Bitcoin Trading Strategy:
Short at 117,000-116,200, stop loss above 118,000, target 115,000-114,000, continue to look down towards around 112,800.
Long at 113,000-114,000, stop loss below 112,000, target 115,000-116,000.
Zhou Yanling's 8.2 Ethereum Trading Strategy:
Short at 3,700-3,670, stop loss above 3,750, target 3,550-3,510.
Long at 3,500-3,540, stop loss below 3,450, target 3,640-3,680.
【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 mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. He has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and is recognized by many investment friends for his steady and decisive trading style, along with a friendly and responsible character.
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