Zhou Yanling: 11.11 Bitcoin BTC and Ethereum ETH Latest Trend Prediction and Trading Strategy
The deadlock of the U.S. government shutdown, which lasted for 41 days, is about to come to an end. Trump expressed support for a bipartisan agreement on Monday, the Senate cleared procedural hurdles, and the temporary funding bill passed procedural voting, extending funding until January next year. The shutdown is likely to end this weekend. This positive development has made the market "cloudy turn sunny," with the cryptocurrency market rebounding first. The liquidity tightening caused by the shutdown is expected to ease, and the signal of the two parties restarting negotiations has boosted market risk sentiment, providing reassurance to previously anxious investors. Once finalized, the government will officially "open for business."
From a technical perspective, the current market trend shows that Bitcoin's daily chart indicates significant price fluctuations yesterday, forming a bullish candle with a long lower shadow, suggesting some buying support at lower levels. Recently, the hourly chart has shown a trend of oscillating downward, with high points gradually decreasing. The latest candlestick is a small bearish candle, reflecting a short-term weakness in the market. The hourly MACD histogram continues to shrink, with the fast and slow lines approaching the zero axis, indicating weakening momentum; the daily chart remains in a bullish zone, but the red bars are starting to shorten, necessitating caution against divergence risks. The hourly RSI is at 48, close to the neutral zone, not entering oversold or overbought territory; the daily RSI has fallen from a high of 57, indicating a decline in upward momentum. The hourly EMA7 and EMA30 have formed a death cross, with significant short-term moving average resistance; the daily EMA7 is still above the EMA30, indicating that the bullish trend remains, but further potential pullbacks should be monitored.
Zhou Yanling's 11.11 Bitcoin Trading Strategy:
Buy at 103800-104700, stop loss below 102800, target 107500-108500
Sell at 108500-107500, stop loss above 109500, target 105500-104500
Zhou Yanling's 11.11 Ethereum Trading Strategy:
Buy at 3500-3540, stop loss below 3450, target 3640-3680, continue to look for upward movement near 3750
Sell at 3700-3660, stop loss above 3750, target 3570-3520
【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, focuses on capital management and risk control, and is recognized by many investment friends for his steady and decisive trading style, along with his easygoing and responsible personality.
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