Zhou Yanling: December 1 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
After a slight rebound at the end of November, the cryptocurrency prices experienced a waterfall-like crash again this morning. Multiple factors are driving this, including uncertainties from the Federal Reserve and recent official announcements in China aimed at suppressing the crypto market, which have triggered a chain reaction. Additionally, large capital outflows from institutions and technical corrections are also reasons for this significant drop. Therefore, caution is required during this new downturn, paying attention to whether the previous low support can hold. If it breaks down, we can look for new lows; if it holds, there may be a short-term rebound. If there is another rebound, it could be seen as a buying opportunity in a small bull market.
From a technical perspective, the daily chart for Bitcoin shows a continuous price decline, forming a long bearish candle, especially evident from this morning until now, indicating a clear weakness. On the hourly chart, after a high-level pullback, the price is consolidating and currently in a downtrend, failing to break the previous high of 87800. In the MACD hourly chart, both DIF and DEA are negative and gradually expanding, with the MACD histogram showing an increase in bearish strength; the daily MACD is also below the zero line, indicating an overall bearish sentiment. The RSI on the hourly chart is at 19, close to the oversold zone but not yet in a strong rebound area; the daily RSI14 is at 16, showing that the market remains weak. In the EMA hourly chart, EMA7 < EMA30 < EMA120, with short-term moving averages crossing below long-term moving averages, confirming the downtrend; the daily EMA7, EMA30, and EMA120 are all in a bearish arrangement, so the strategy for the day is to continue executing short positions.
Zhou Yanling's December 1 Bitcoin Trading Strategy:
Short at 88000-87200, stop loss above 89000, target 84600-83600
Long at 83600-84600, stop loss below 82600, target 85500-86500
Zhou Yanling's December 1 Ethereum Trading Strategy:
Short at 2900-2860, stop loss above 2950, target 2800-2760-2710
Long at 2700-2740, stop loss below 2650, target 2810-2860
[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 market investment research in the crypto space 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. With a solid theoretical foundation and practical experience, the author excels in combining technical and news-based operations, focusing on capital management and risk control. The trading style is steady and decisive, recognized by many investment friends for a friendly and responsible character combined with sharp and decisive operations.
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