Zhou Yanling: 8.3 Today's Bitcoin BTC and Ethereum ETH Latest Market Trend Analysis

The market has again entered a phase of back-and-forth volatility. Currently, looking at Bitcoin on the daily chart, it is overall in a wide fluctuation range between 61700 and 65600 in the lower part. The RSI is neutral, MACD momentum is stagnant, and the candlesticks are continuously reducing volume and grinding sideways. It needs to stabilize above 64000 to alleviate the pressure; if it effectively breaks below 61700, the downside risk will be amplified. The 4-hour range is locked between 62200 and 64100, with the current price close to the lower boundary of the range. The bears have paused their volume, slightly correcting, but it does not count as a reversal; the rebounds are repeatedly capped at 63800 under pressure. The 1-hour narrow range is 62000-63100, slightly weak in the short term, with MACD showing a minor death cross, and the Bollinger Bands continuing to contract, reducing volatility. The window for a trend change is approaching. Today, Monday, there is a high possibility of a one-sided move; however, it has already moved out of a 1000-point range, so the focus for the rest of the day should be on the support at 61700 below. If it does not break down here, it is expected to rebound repeatedly before another downward move.

Zhou Yanling 8.3 Bitcoin:

1. Sell at 63600-63000, stop loss above 64300, target 62300-61700

2. Buy at 61700-62300, stop loss below 61000, target 63000-63500

Zhou Yanling 8.3 Ethereum:

1. Sell at 1885-1860, stop loss above 1910, target 1820-1800

2. Buy at 1800-1820, stop loss below 1770, target 1860-1880

[The above market analysis is for casual reference only and does not constitute investment advice!]

This content is exclusively shared by senior analyst Zhou Yanling (Public account: Zhou Yanling 8). 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 contract/spot operations. They have a solid theoretical foundation and practical experience, excel at combining technical and news-driven trading, focus on capital management and risk control, and have a steady and decisive trading style, recognized by many investment friends for their amiable yet responsible character and sharp decisive operations.

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