Zhou Yanling: 12.12 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
After the Federal Reserve's interest rate decision, we are optimistic about the price of cryptocurrencies rising and then pulling back, but we are also concerned that the bears may not go far. Last night, driven by supportive buying, and with the number of initial jobless claims in the U.S. last week showing the largest single-week increase since the pandemic, the dollar index continued its downward trend, pushing cryptocurrency prices to rebound and strengthen. Recently, the market has clearly shown a back-and-forth pattern with rapid fluctuations for both bulls and bears. In terms of trading, I still hold the previous view that any bullish or bearish positions should not be overly extended; it is best to view it as a short-term range of large fluctuations. It is wise to take profits promptly; otherwise, if you hold onto a position hoping for a large move, you may have to wait for another round as the market fluctuates back, which extends the trading cycle but yields the same result, leading to inefficiency.
From a technical perspective, the overall trend of cryptocurrency prices has recently shown a rise and then a pullback. On the daily chart, from December 9 to December 10, there was a long upper shadow, indicating heavy selling pressure above; while on December 11 and December 12, there were consecutive bearish closes, showing increased short-term adjustment pressure. The MACD histogram on the hourly chart is gradually shrinking, indicating weakening bullish momentum, with signs of a death cross between the DIF and DEA. The daily MACD is still above the zero line, but bullish strength is clearly declining. The hourly RSI has retreated from the overbought zone and is currently hovering around 57, indicating a market sentiment leaning towards neutral and bearish. The daily RSI has also pulled back from a high position to around 53, not entering the oversold area. The hourly EMA7 provides support for the current price, but the EMA30 and EMA120 still maintain upward divergence, indicating that the medium to long-term trend has not completely turned bearish, and the short-term remains within a large range of fluctuations. The trading strategy should continue to focus on buying low and selling high.
Zhou Yanling's 12.12 Bitcoin Trading Strategy:
Short at 93200-92400, stop loss above 94200, target 90000-89000
Long at 89000-90000, stop loss below 88000, target 91000-92000
Zhou Yanling's 12.12 Ethereum Trading Strategy:
Short at 3290-3250, stop loss above 3340, target 3140-3090
Long at 3060-3110, stop loss below 3010, target 3180-3230
[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 article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in cryptocurrency 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. 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 investors for a stable and decisive trading style, along with a friendly and responsible personality.
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