Zhou Yanling: 10.11 Bitcoin Creates Historic Plunge Again - Latest BTC ETH Trend Prediction Analysis and Trading Strategy
Today is another historic moment. The apparent main reason for this cryptocurrency market crash is the U.S. government's abuse of tariffs. Trump has threatened to raise tariffs in retaliation against other countries' rare earth export controls, raising concerns about deteriorating trade relations. Additionally, the ongoing "shutdown" of the U.S. federal government and cautious easing signals from Federal Reserve officials have also had a significant impact on the cryptocurrency market.
To be honest, we are all survivors of the 312 and 519 events. Those so-called news stimuli are just superficial excuses given to retail investors by the market. When the big players want to crash the market, any piece of news can trigger it. This time is no different from the past; it’s just that there are too many long positions and the leverage is too high, so it needs to be cleaned up. Everyone knows about the interest rate cut nodes and the four-year cycle bull market; everyone has made money, so where can the big players earn? This wave is likely the cleanup of long positions, and a violent bull market will begin in November and December. It’s unpredictable how far it will go, but it should be similar to the aftermath of 312. Yanling is already used to this kind of scenario; everyone should remain calm and not get overly excited. Always prioritize risk control, and make sure to set stop-loss orders when trading. Stability and safety are the hard truths.
Now let’s take a look at the technical side. Yesterday, the daily line showed a long lower shadow with a large bearish candle, quickly rebounding after hitting a low of 102,000, indicating strong buying support at that level. Recently, the hourly line has shown a trend of oscillating downward, with high points gradually decreasing and low points continuously testing previous support. The technical indicators on the hourly line show that MACD continues to operate below the zero axis, with both DIF and DEA diverging downward, indicating that bearish momentum is dominant, but there are signs of weakening in the short term. The hourly RSI is in the 28-30 range, close to the oversold area, which may face a short-term rebound; however, the overall trend remains weak. The price is currently below EMA7, EMA30, and EMA120, and all three moving averages are in a bearish arrangement, with EMA7 exerting pressure on the price. The short-term trend is still primarily bearish, so the strategy continues to focus on short positions, with some long positions as a supplement.
Zhou Yanling's 10.11 Bitcoin Trading Strategy:
Short at 114,000-113,000, stop-loss above 115,000, target 106,000-105,000
Light long at 105,000-106,000, stop-loss below 104,000, target 109,000-110,000
Zhou Yanling's 10.11 Ethereum Trading Strategy:
Short at 3,940-3,890, stop-loss above 4,000, target 3,400-3,360; if it breaks 3,350, look for around 2,980
Light long at 3,350-3,400, stop-loss below 3,300, target 3,600-3,650
【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 content 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 contract/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 investment friends for his easygoing yet responsible character and sharp, decisive operations.
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