Zhou Yanling: 8.25 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
Last week, Federal Reserve Chairman Powell's dovish remarks ended the market's sluggish pattern. His hint at a possible interest rate cut in September prompted an early reaction from the financial markets — the dollar plummeted, while the cryptocurrency market and U.S. stocks surged. This is the first sign of a potential interest rate cut this year after last year's cuts, something the market has long anticipated. In fact, there are two core factors driving this round of increase: first, the probability of a Fed rate cut in September has significantly increased; second, the ongoing geopolitical crisis. Currently, the suspense around interest rate cuts is minimal, but the prospects for Russia-Ukraine negotiations remain bleak due to core disagreements and European involvement, with frontline conflicts still ongoing. Geopolitically, the fluctuating tensions and alleviations in the Russia-Ukraine and Middle East situations will have a long-term impact on the market, while potential risks in Central Asia and East Asia also provide medium to long-term support for cryptocurrency prices. Therefore, even if there is a ceasefire in the second half of the year, the price increase may be limited, but a significant drop is unlikely, and the overall trend will still steadily move towards a bull market.
Currently, from the market trend, the daily chart shows two consecutive bearish days over the weekend, forming a temporary downward adjustment trend. The hourly chart has seen relatively small fluctuations recently, but overall presents a weak oscillating trend, with gradually higher lows but insufficient rebound strength. The hourly chart's DIF and DEA are both operating below the zero axis and continue to expand in negative values, indicating that bearish forces currently dominate. The daily MACD green bars are increasing, further confirming downward pressure. The hourly RSI value is 33.44, near the oversold area, indicating a potential short-term rebound demand; however, the daily RSI remains in a weak area with no significant signs of recovery. The hourly EMA7, EMA30, and EMA120 show a bearish arrangement, with prices repeatedly touching EMA7 and then retreating under pressure, indicating strong short-term resistance; the daily EMA also shows a bearish arrangement, with support levels not yet effectively stabilizing. Today's trading should focus on the strength of support around 112500 for high short and low long positioning.
Zhou Yanling's 8.25 Bitcoin Trading Strategy:
Buy at 113000-113800, stop loss below 112000, target 116000-117000
Sell at 117500-116500, stop loss above 118500, target 114000-113000
Zhou Yanling's 8.25 Ethereum Trading Strategy:
Buy at 4705-4750, stop loss below 4650, target 4850-4900, continue to look for upward movement near 4980
Sell at 4980-4940, stop loss above 5030, target 4850-4800
【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 financial 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 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, characterized by a friendly and responsible personality along with sharp and decisive operations.
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