Zhou Yanling: Latest Trend Prediction and Trading Strategy for Bitcoin BTC and Ethereum ETH on September 7
The weekend market has been lackluster, with almost no significant movement, just narrow range fluctuations. I’m somewhat reluctant to keep watching it. Let’s briefly discuss today’s trading thoughts. Currently, the market trend shows that Bitcoin's daily chart indicates a continuous price decline, forming a series of bearish candles, especially the long bearish candles on September 4 and 6, which indicate strong bearish momentum. On the hourly chart, there has been repeated consolidation around 110800, but the overall trend remains downward. The technical indicators show that the hourly MACD histogram continues to be negative and is expanding, with the fast and slow lines diverging downwards, indicating that bearish momentum is dominant; the daily MACD also shows a death cross, further confirming the weakness. The hourly RSI is at 39.71, close to the oversold zone but not fully in it, suggesting a potential short-term rebound; the daily RSI remains below 40, indicating a bearish market sentiment. The hourly EMA7, 30, and 120 moving averages are in a bearish arrangement, with prices running below all moving averages, and EMA7 is exerting pressure on the price; the daily EMA system is also in a bearish arrangement, with the distance between EMA30 and EMA120 gradually widening. For intraday trading, the focus is on short positions during short-term rebounds.
Zhou Yanling's Trading Strategy for Bitcoin on September 7:
Short at 111500-110700, stop loss above 112500, target 110000-109200
Long at 109200-110000, stop loss below 108200, target 110800-111600
Zhou Yanling's Trading Strategy for Ethereum on September 7:
Short at 4350-4320, stop loss above 4390, target around 4250, if broken look at around 4205
Long at 4220-4260, stop loss below 4180, target 4300-4350
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article 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 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 contracts/spot operations. He 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 his steady and decisive trading style, along with his easygoing and responsible personality.
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