Zhou Yanling: 11.21 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The non-farm payrolls in September exceeded expectations dramatically, further impacting the Federal Reserve's interest rate cut expectations. The November non-farm data has been rescheduled for release on December 16; the minutes from the Federal Reserve's October meeting show increasing divergence, raising uncertainty about rate cuts. Many regional Fed representatives have taken a hard stance, indicating that rate cuts are inappropriate. Especially in the context of a data vacuum over the past two months, the internal divisions within the Federal Reserve, already strained by high inflation and employment downturn risks, lack data support even for arguments. Is the December Federal Reserve interest rate decision going to rely solely on expectations? Therefore, Yanling believes it is highly likely that the current interest rate level will remain unchanged, waiting for the November non-farm data to be released before deciding whether to cut rates. As for the Russia-Ukraine situation, a true ceasefire will only be achieved when a ceasefire agreement is reached; any news released should be viewed as a smokescreen.
Currently, the market trend shows that the daily chart for Bitcoin indicates a continuous price decline, forming multiple bearish candles, overall presenting a weak pattern. Yesterday, another bearish candle with a long upper shadow was recorded, indicating heavy selling pressure above. The hourly chart has oscillated around 89000 multiple times, remaining in a weak trend in the short term. The technical indicators show that the hourly MACD has crossed downwards, with both DIF and DEA in negative territory, enhancing bearish momentum; the daily MACD is also below the zero line, continuing the bearish trend. The hourly RSI is around 30, close to the oversold zone, indicating a need for a rebound; the daily RSI remains below 40, showing a weak market. The hourly EMA7, EMA30, and EMA120 are in a bearish arrangement, with prices running below all moving averages, indicating clear short-term pressure; the daily EMA is similarly in a bearish arrangement, with the distance between EMA7 and EMA30 gradually widening. Today's operations will continue to focus on short positions during rebounds.
Zhou Yanling's 11.21 Bitcoin Trading Strategy:
Short at 91800-90800, stop loss above 93000, target 87000-86200
Long at 86200-87200, stop loss below 85000, target 88500-89500
Zhou Yanling's 11.21 Ethereum Trading Strategy:
Short at 3050-3000, stop loss above 3100, target 2800-2750
Long at 2730-2780, stop loss below 2680, target 2860-2910
【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.】
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. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, focusing on 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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