Zhou Yanling: 11.12 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The price of the coin surged significantly on Monday, and the strong momentum continued during the Asian session on Tuesday. However, due to the large increase on Monday, the upward movement on Tuesday was clearly limited. Starting from noon, the price began to weaken and retrace, but the short-term pattern still maintained a high-level consolidation. In this situation, it is not advisable to chase long positions; it is better to wait for a proper pullback before continuing to go long. In the late night, there is expected to be a good entry point. Friends who are patient and not sleeping can wait and see.
Currently, from a technical perspective, the daily chart of Bitcoin shows that the price has significantly retraced from a high level, forming a clear long bearish candle, indicating that the bears are temporarily in control. On the hourly chart, after 20:00 on November 11, there has been a continuous decline, and the current K-line is in a low-level consolidation state. The technical indicators on the hourly chart show that the MACD is continuously operating below the zero line, with increasing green bars, indicating a clear bearish trend; however, the DIF and DEA show signs of gradual convergence, suggesting a possible weak rebound phase in the short term. The hourly RSI is at 32.2, close to the oversold range, indicating a certain demand for a rebound, but overall it still leans weak. The hourly EMA7, EMA30, and EMA120 are all diverging downwards, also indicating a bearish trend in the short term. The current price has fallen below all major moving averages, with EMA7 acting as resistance above. In the short-term operations, focus on the upper resistance around 105000 as a key level, while the lower support to watch is at 101500.
Zhou Yanling's 11.12 Bitcoin Trading Strategy:
Short at 104800-104000, stop loss above 105800, target 102300-101500
Long at 101500-102200, stop loss below 100500, target 103200-104000
Zhou Yanling's 11.12 Ethereum Trading Strategy:
Short at 3550-3510, stop loss above 3600, target 3400-3360
Long at 3355-3400, stop loss below 3300, target 3460-3500
【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, is skilled 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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