Zhou Yanling: 10.4 Bitcoin BTC ETH Today's Latest Trend Prediction Analysis and Trading Strategy
Regarding the current coin prices, on one hand, the U.S. is facing a government shutdown, which has increased demand for safe-haven assets. The government shutdown has cast a shadow over the U.S. economic outlook, undermining confidence among businesses and consumers. Investors are quickly moving their money from risk assets to Bitcoin, a safe-haven asset, leading to an increase in demand and consequently pushing the coin price up. On the other hand, the delay in economic data adds to the confusion. Key economic data, such as the non-farm payroll report, has been postponed, resulting in increased market volatility. The Federal Reserve lacks accurate data for reference, making the direction of monetary policy unclear. Investors are uncertain about the economic situation and are more willing to hold Bitcoin, further driving up the coin price. Lastly, it is important to note the weakening of the dollar; the government shutdown may lead to a depreciation of the dollar, and Bitcoin and the dollar typically have a negative correlation. When the dollar weakens, it is also favorable for coin prices.
Now let's take a look at the technical analysis of the trend. Currently, Bitcoin continues to make strong upward movements, with the daily chart showing several consecutive days of increases, forming a clear upward trend. The hourly chart recently showed a strong upward movement in the early morning, and overall it remains in a high price range. The technical indicators on the hourly MACD histogram continue to expand, indicating enhanced bullish momentum; the daily MACD fast and slow lines are diverging upwards, suggesting a strong medium-term trend. The hourly RSI has entered the overbought zone (80.40), indicating potential short-term pullback pressure; the daily RSI remains around 70, showing a strong market. The hourly EMA7, EMA30, and EMA120 are all in a bullish arrangement, with prices consistently above EMA7, indicating strong support; the daily EMA also maintains a bullish arrangement, further confirming the upward trend. In the short term, it is expected that the coin price will soon break through previous highs and refresh historical highs.
Zhou Yanling's 10.4 Bitcoin Trading Strategy:
Buy at 121200-122200, stop loss below 120200, target 126000-127000
Sell at 127500-126500, stop loss above 128500, target 124000-123000
Zhou Yanling's 10.4 Ethereum Trading Strategy:
Buy at 4430-4480, stop loss below 4380, target 4620-4670, continue to look for upward movement near 4770
Sell at 4770-4730, stop loss above 4820, target 4630-4580
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article 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 is recognized by many investors for a stable and decisive trading style, characterized by a friendly and responsible personality along with sharp and decisive operations.
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