Recently, the market has been fluctuating up and down repeatedly, so every time you gain some profit, you must take it promptly; otherwise, the market will quickly return to its original position, and your trade will be in vain. Just look at yesterday's market trend; it has turned but hasn't significantly increased its gains, and there hasn't been any major pullback. It's simple: it is expected to start surging again soon. Therefore, from now on, whenever there is an accelerated rebound in the market, as soon as it reaches a key resistance level, Yanling will seek opportunities to look for a pullback. This is not a reversal issue; when everyone is bullish, you need to be cautious. Before any significant drop or adjustment occurs, either there is ample capital to test the top, taking small amounts each time to try, or there will be many opportunities.
From a technical perspective, the daily chart of Bitcoin shows that the price has been rising continuously recently, forming multiple bullish candles. Yesterday, it broke through the previous high around the 112,000 resistance level and is currently showing a strong upward attack pattern. On the hourly chart, there is significant selling pressure around 112,500, and after the high point retraced, it is gradually consolidating, but overall it is still in an upward trend. The MACD indicator on the hourly chart continues to show increasing red bars, with both DIF and DEA diverging upwards, indicating that bullish strength is dominant in the short term. However, the daily MACD has entered a relatively high area, so potential divergence signals need to be monitored. The RSI on the hourly chart remains above 65, close to the overbought zone, indicating short-term pullback risks; the daily RSI value is 62, which has not yet entered an extreme overbought state, and the trend remains healthy. The EMA on the hourly chart shows a bullish arrangement for the 7, 30, and 120 moving averages, with the price running along the EMA7, providing effective support. The daily EMA7 has crossed above the EMA30 and continues to expand upwards, while the EMA120 is far below the current price, indicating a long-term bullish trend.
Zhou Yanling's Bitcoin Trading Strategy for 9.4:
Short at 113600-112700, stop loss above 114500, target 112000-111200
Long at 111000-111700, stop loss below 110000, target 113000-113700
Zhou Yanling's Ethereum Trading Strategy for 9.4:
Short at 4520-4480, stop loss above 4560, target 4410-4360
Long at 4350-4390, stop loss below 4300, target 4480-4520
【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.】
The content of 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 contracts/spot operations. The author has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and has a stable and decisive trading style, recognized by many investment friends for a friendly and responsible character combined with sharp and decisive operations.
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