Zhou Yanling: 7.4 Bitcoin BTC Ethereum ETH Today's Latest Market Trend Analysis

This rebound of 6000 points, although supported by non-farm data, is still a relatively good rebound since the recent large drop. Now we are watching whether it can surge above 64000; the last time this rebound was strong, it peaked around 67300. Therefore, unless it stabilizes above 64000, it may further increase the rebound intensity; otherwise, it should be viewed as a bait for more buying. From a longer-term perspective, this short-term rebound is quite misleading, so do not blindly chase more. The medium to long-term bearish structure on the daily chart is intact, and the current rise is merely a short-term correction, with a strong resistance formed above due to large amounts of trapped positions. The 4-hour market is slowly stabilizing and rising, with indicators improving, but there is no capital entering the market to support the price, so it won’t rise far. The 1-hour chart looks strong, but it is about to hit resistance, and a pullback could happen at any time, especially when approaching near 64000, so caution is advised.

Zhou Yanling 7.4 Bitcoin:

1. Short at 64000-63200, stop loss above 64800, target 61800-61000

2. Long at 61200-62000, stop loss below 60400, target 63300-64100

Zhou Yanling 7.4 Ethereum:

1. Short at 1810-1780, stop loss above 1850, target 1700-1670

2. Long at 1670-1700, stop loss below 1630, target 1780-1820

[The above market analysis is for casual reference only and does not constitute investment advice!]

The content of this article is exclusively shared by senior analyst Zhou Yanling (Public Account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. He possesses a solid theoretical foundation and practical experience, excels in combining technical analysis with news, emphasizes capital management and risk control, and has a steady and decisive trading style, earning the recognition of many investment friends with his easygoing and responsible personality coupled with sharp and decisive operations.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。