Zhou Yanling: 10.27 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
Currently, the U.S. government is still in a shutdown, and some important data cannot be released. The CPI reference data provided last Friday has temporarily benefited the cryptocurrency market slightly. Additionally, the U.S. and China have begun discussions regarding trade, which will also affect market sentiment. Coupled with expectations of interest rate cuts, the short-term sentiment is leaning towards bullish. This week, the market is expected to maintain a strong bullish trend in the early part, but as the interest rate cut approaches, there may be a sell-off. Therefore, in the first half of this week, the strategy should focus on buying on dips, while in the later part, it is advisable to take profits and guard against sudden bearish attacks.
From a technical perspective, Bitcoin's daily chart shows a continuous price increase, forming multiple bullish candles. Last night, it just touched the previous high around the resistance level of 114,000, indicating a strong upward trend in the short term. On the hourly chart, recent candlesticks have shown some consolidation, and although there has been a pullback near the resistance level of 114,000, it remains within an upward channel. The hourly MACD histogram is gradually shortening, with the fast and slow lines showing signs of a death cross above the zero line, indicating weakening momentum; however, the daily MACD continues to expand, favoring the bulls. The hourly RSI has started to pull back from the overbought zone (81.22) and is currently at 73.32, still in a strong area; the daily RSI is close to 80, indicating optimistic market sentiment. The hourly EMA7, EMA30, and EMA120 are all in a bullish arrangement, with the price currently close to the EMA7 support. The daily EMA also maintains a bullish arrangement, confirming the upward trend. On Monday, the strategy is to wait for a pullback opportunity to re-enter long positions.
Zhou Yanling's 10.27 Bitcoin Trading Strategy:
Buy at 112,100-112,800, stop loss below 111,000, target 115,000-116,000
Sell at 116,000-115,200, stop loss above 117,000, target 113,800-113,000
Zhou Yanling's 10.27 Ethereum Trading Strategy:
Buy at 3,960-4,000, stop loss below 3,910, target 4,160-4,200
Sell at 4,220-4,180, stop loss above 4,270, target 4,090-4,050
【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 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 focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, emphasizing capital management and risk control. His trading style is steady and decisive, recognized by many investment friends for his easygoing and responsible character combined with sharp and decisive operations.
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