Zhou Yanling: 9.29 Bitcoin BTC ETH Today's Latest Trend Prediction Analysis and Trading Strategy

The recent rise in cryptocurrency prices is attributed to the latest U.S. inflation data meeting market expectations, reinforcing investors' judgment that the Federal Reserve will continue to cut interest rates within the year, leading to a continued weakening of the U.S. dollar index. A low-interest-rate environment reduces the opportunity cost of holding non-interest-bearing assets, providing strong support for cryptocurrency prices. Coupled with ongoing geopolitical uncertainties and the risk of a government shutdown in the U.S., the demand for investment assets like Bitcoin has further intensified.

Now, let's take a look at the technical aspects. Bitcoin is currently oscillating around 112,000 on the daily chart, with a long upper shadow bullish candle formed yesterday, indicating heavy selling pressure above. The hourly chart shows a series of small bullish candles followed by a gradual increase in volume, with the current price approaching the previous high area around 112,350, which presents some resistance. In the MACD technical indicator, both the DIF and DEA on the hourly chart are diverging upwards, but the momentum of the red bars is beginning to weaken, indicating a depletion of bullish strength; the daily chart remains above the zero line, with a bullish trend prevailing. The hourly RSI is at 74, entering the overbought zone, which may pose a risk of a short-term pullback; the daily RSI maintains around 70, overall leaning towards a strong trend. The hourly EMA7, EMA30, and EMA120 are in a bullish arrangement, and the price continues to operate above the EMA7, with a short-term support level at 111,400; the daily EMA7 and EMA30 have crossed upwards and continue to diverge, indicating a long-term bullish trend.

Zhou Yanling's 9.29 Bitcoin Trading Strategy:

1. Buy at 111,400-112,000, stop loss below 110,400, target 113,000-113,800

2. Sell at 113,900-113,100, stop loss above 115,000, target 112,300-111,500

Zhou Yanling's 9.29 Ethereum Trading Strategy:

1. Buy at 4,070-4,100, stop loss below 4,030, target 4,180-4,220

2. Sell at 4,230-4,190, stop loss above 4,270, target 4,130-4,090

【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. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, focusing on capital management and risk control. His trading style is steady and decisive, recognized by many investment friends for his easygoing and responsible character combined with sharp and decisive operations.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。