Zhou Yanling: 10.18 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
From this week's movements, it is clear that the rise of Bitcoin is not as easy as before; the process has been very bumpy. The sweeping rhythm on Thursday and Friday has become increasingly evident, with a jump of 3000 points as soon as it starts, and acceleration above 5000 points. Corrections lead to direct reversals, reclaiming half of the lost ground. In such a scenario, there is no need to think about whether to buy long or short; timing is more important than direction. Repeated back-and-forth movements are suitable for individual showcases. Set a solid defense and directly enter the market, aiming for around 2500 points to take profit. There is no need to set limit orders or price points because the volatility is quick. When it starts, one must decisively participate and make changes. Waiting for positions or plans often leads to missing the right timing, and when the time comes, it is usually the wrong moment. If you feel unable to control this chaotic movement, avoiding risks and not participating is also a valid trading method.
From a technical perspective, the daily chart of Bitcoin shows a continuous decline recently, forming multiple bearish candles, presenting an overall weak pattern. There is some support around the recent low of approximately 103500. The hourly chart is oscillating between the 106000 to 107800 range, showing signs of a short-term rebound, but there is strong resistance above. The technical indicators MACD on the hourly chart show both DIF and DEA in the negative zone, with the MACD histogram turning from green to red, indicating a weakening of bearish momentum, or entering a short-term rebound phase. The RSI on the hourly chart is at 48.27, close to the neutral zone, not entering overbought or oversold conditions, requiring attention to subsequent momentum changes. The 7-period EMA on the hourly chart has been broken, while the 30-period EMA remains the current resistance level, and the 120-period EMA is far from the current price, indicating a continued bearish trend in the short to medium term.
Zhou Yanling's 10.18 Bitcoin Trading Strategy:
Short at 108800-107800, stop loss above 109800, target 106200-105200
Long at 105000-106000, stop loss below 104000, target 107800-108500
Zhou Yanling's 10.18 Ethereum Trading Strategy:
Short at 3910-3870, stop loss above 3960, target 3760-3710, if broken, look at around 3680 to 3580
Long at 3630-3680, stop loss below 3580, target 3760-3800
【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. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, focusing on capital management and risk control. His trading style is steady and decisive, recognized by many investors for his easy-going and responsible character combined with sharp and decisive operations.
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