Zhou Yanling: 1.16 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
Have you noticed something interesting? Every time the market remains in a sideways or stair-step fluctuation for a while, you can actually create a very perfect trading strategy. However, when it approaches a position that could be bearish or bullish, you start to feel conflicted and fear a direct breakout, only to realize later that your worries were unnecessary, and you might even regret it. This phenomenon is normal because no one can escape the psychological challenges of trading. After this significant rise, it does require some persistence for those who are bearish, but what about those who are bullish? The bullish signals are very clear, and the bottom trend line is quite solid. It can be said that every time the price approaches the trend line, it rebounds, but it just hasn't broken through further. Even if one is optimistic about the development of this small bull market, everything must be based on its ability to "break." Therefore, this Friday is crucial. If the price does not break above the previous high before the U.S. market opens, then it will likely fall into a period of fluctuation and decline in the short term.
From the current technical perspective, Bitcoin has been fluctuating in the 95000-98000 range for the past two days, failing to break the previous high, indicating significant pressure above. The daily candlestick shows a slight pullback, but overall it remains in a high-level consolidation state. Technical indicators at the hourly level, DIF and DEA, are both diverging downwards, and the MACD histogram is negative, indicating a short-term need for adjustment. The bullish momentum at the daily level is weakening, and attention should be paid to whether a death cross forms subsequently. The hourly RSI has fallen from the overbought area to around 52, indicating a lack of strength in the short-term rise; the daily RSI remains in a neutral to strong area (around 60), and the trend has not completely turned bearish. The hourly EMA7 and EMA30 are converging and slightly turning downwards, with short-term support around 94500; the daily EMA7, EMA30, and EMA120 maintain a bullish arrangement, and the overall bullish trend has not changed. The strategy is to focus on short-term high shorts first, and look for low long opportunities on pullbacks.
Zhou Yanling's 1.16 Bitcoin Trading Strategy:
Short at 97200-96400, stop loss above 98000, target 95000-94200, continue to look for a breakdown towards 92400.
Long if 94500 holds, long at 94500-95200, stop loss below 93700, target 96500-97300.
Zhou Yanling's 1.16 Ethereum Trading Strategy:
Short at 3380-3340, stop loss above 3420, target around 3280, continue to look for a breakdown towards around 3200.
Long at 3200-3240, stop loss below 3160, target 3300-3340.
【The above analysis and strategies are for reference only. Please bear the risk 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.】
The content of this article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in market investment research in the cryptocurrency space 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. 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 investment friends for a stable and decisive trading style, characterized by a friendly and responsible personality along with sharp and decisive operations.
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