Zhou Yanling: 1.26 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
Recently, the cryptocurrency market has been quite sluggish, mainly because precious metals have been very hot lately. It reminds me of the time when I was involved in gold and oil trading. The recent continuous highs are indeed tempting, haha. Back to the point, this week, in addition to the American troops stationed in Iraq, there is also the Federal Reserve's interest rate decision early Thursday morning. Whether or not to cut interest rates is no longer the most important issue; instead, we should focus on the Federal Reserve's monetary policy direction for this year. Given the current situation, even if the Federal Reserve does not cut interest rates, just looking at geopolitical risk aversion can cause cryptocurrency prices to fluctuate. However, if the Federal Reserve continues to ease, it will provide timely support for cryptocurrency prices, but this will only have a short-term impact. Even if the interest rate decision puts pressure on cryptocurrency prices, it will merely add fuel to the ongoing bearish trend. So, let's just wait and see.
From a technical perspective, Bitcoin's price has been continuously declining recently, and this morning the bears have finally calmed down, currently undergoing a slight rebound and consolidation. After a significant drop the previous day, the daily candlestick shows a bullish rebound, but it has not broken through yesterday's high, and overall it remains in a significant downward channel. The technical indicators show that the hourly MACD histogram has shifted from negative to positive, with the DIF and DEA approaching a golden cross, indicating that short-term bullish strength is increasing; however, on the daily level, it is still in the bearish zone, so caution is needed as the rebound strength may be limited. The hourly RSI is around 50, indicating that the market has entered a balanced state; the daily RSI appears slightly weak and has not exited the oversold range. The current price is above the EMA7, providing effective short-term support; however, both EMA30 and EMA120 are suppressing the price, indicating that medium to long-term pressure still exists. For intraday operations, it is prudent to focus on short positions during rebounds.
Zhou Yanling's 1.26 Bitcoin Trading Strategy:
Short at 89000-88200, stop loss above 89800, target 86800-86000, continue to look for a breakdown towards around 84500.
Long at 84500-85300, stop loss below 83700, target 87000-87800.
Zhou Yanling's 1.26 Ethereum Trading Strategy:
Short at 2940-2900, stop loss above 2980, target 2770-2730.
Long at 2730-2770, stop loss below 2690, target 2850-2890.
【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 and currently mainly analyzes and guides 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 investors for a stable and decisive trading style, along with a friendly and responsible personality.
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