Zhou Yanling: 11.18 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy

This Monday's market was a bit disappointing, with Bitcoin only showing a fluctuation of 3000 points. It's not that there were no signs of a decline, but the drop on Monday was too brief, leading many to think it was just a correction. As long as there is this trading judgment, Monday's trading operations were actually much easier. Moreover, I believe the significance of this drop is substantial; if it can completely rollercoaster within the week, rising first and then falling, it indicates that this round of decline has the potential to continue, especially at the beginning of this week. I still have doubts about whether the price has reached a low point, so even though I entered a short position, I am still holding on and will wait for it to refresh the previous low before I consider exiting.

From the current market trend, the daily chart shows that prices have been continuously declining, forming a series of bearish candles, presenting an overall weak pattern. The hourly chart shows a fluctuating downward trend, with the latest closing price below the previous hour's low, indicating further downside potential in the short term. The technical indicators show that the hourly MACD histogram is in the negative zone and expanding, with bearish momentum increasing; the daily MACD is also operating below the zero line, indicating a bearish trend. The hourly RSI is at 35.1, close to the oversold area but not fully in it, suggesting a potential short-term rebound; the daily RSI value is relatively low, indicating weak market sentiment. The hourly EMA7, EMA30, and EMA120 are all in a bearish arrangement, with prices consistently suppressed below EMA7, indicating clear short-term pressure; the daily EMA is also in a bearish arrangement, with the long-term trend still leaning bearish.

Zhou Yanling's 11.18 Bitcoin Trading Strategy:

1. Short at 95600-94800, stop loss above 96600, target 92000-91000

2. Long at 90600-91500, stop loss below 89600, target 93000-94000

Zhou Yanling's 11.18 Ethereum Trading Strategy:

1. Short at 3190-3150, stop loss above 3240, target 2960-2910

2. Long at 2900-2950, stop loss below 2850, target 3050-3100

【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.】

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 focusing on 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, emphasizing 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.

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