Zhou Yanling: Latest Trend Prediction Analysis and Trading Strategy for Bitcoin BTC and Ethereum ETH on December 2
This week has entered the quiet period before the Federal Reserve's decision, and the data to watch includes manufacturing PMI, ADP, non-manufacturing PMI, and PCE, which cover employment and inflation. Having more data before the decision can add a degree of certainty to this decision, and the market is aware of its importance, so we need to pay attention to the results of these data. Whether the expectations for interest rate cuts will heat up in the last week depends on them. Currently, the US November ISM Manufacturing PMI released on Monday is 48.2, below the market expectation of 49, marking the ninth consecutive month in the contraction zone, and the cryptocurrency prices have further retreated accordingly. The market is still supported by expectations of a rate cut in December and a more accommodative cycle outlook in the future, which has limited the larger decline in cryptocurrency prices in the short term, so caution is advised in operations.
From a technical perspective, the daily chart for Bitcoin shows a recent rapid and significant retreat, currently in a trend of oscillating downward. On the hourly chart, a long upper shadow was formed this morning, indicating heavy selling pressure above, and the current candlestick is showing weak consolidation. The technical indicators on the hourly MACD are operating below the zero axis, with both DIF and DEA being negative, and the histogram gradually shortening, indicating a weakening of bearish momentum, but no clear bullish signal has emerged yet. The hourly RSI is around 47, close to the neutral zone, with no obvious signs of overbought or oversold conditions, and market sentiment is cautious. The hourly EMA7 has fallen below EMA30 and is far from EMA120, indicating a bearish arrangement in the short-term moving average system, with the overall trend still leaning weak. For intraday operations, it is recommended to continue focusing on short positions.
Zhou Yanling's Trading Strategy for Bitcoin on December 2:
Short at 88200-87200, stop loss above 89200, target 86000-85000, continue to look for a decline towards around 83800.
Long at 83800-84800, stop loss below 82800, target 86000-87000.
Zhou Yanling's Trading Strategy for Ethereum on December 2:
Short at 2850-2800, stop loss above 2900, target 2720-2670.
Long at 2640-2690, stop loss below 2590, target 2780-2830.
[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 content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in market investment research in the cryptocurrency 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. The author has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and is recognized by many investment friends for a stable and decisive trading style, along with a friendly and responsible personality.
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