Zhou Yanling: 12.29 Bitcoin and Ethereum Trend Prediction Analysis and Trading Strategy
Last week, affected by various holidays, the market did not experience significant breakthroughs. Bitcoin overall continued to oscillate around the range of 92000-100000, with the weekly line closing as a small bearish cross star pattern. The short-term moving averages above have begun to form resistance, and it is still in a bearish trend. There are two working days left until the end of the year, and the monthly line is also about to close. If nothing unexpected happens, it should also close as a bearish line. The 5-day moving average has already broken down, so this position will be a key watershed for a bullish or bearish reversal in the future. From the daily line perspective, last week’s rebound touched the middle track of the BOLL line and faced pressure, showing little breakthrough willingness. Therefore, we will first follow the market direction and lay out short positions while waiting. Currently, the key resistance level above remains at last week's high. However, with the moving average system declining, if there is a pullback next week, the rebound is expected to be limited. The first support below continues to hold at around 92000. If this position breaks down further, it is very likely to open up new downward space. Therefore, in the short term, we will continue to view it as a weak adjustment. Bulls should not rush; there will be opportunities later.
Zhou Yanling's 12.29 Bitcoin Trading Strategy:
Short at 96600-95800, stop loss above 97500, target 94000-93300, continue to break down to look for around 92400.
Long at 92000-92700, stop loss below 91000, target 93800-94500.
Zhou Yanling's 12.29 Ethereum Trading Strategy:
Short at 3490-3430, stop loss above 3550, target 3320-3260-3210, continue to break down to look for around 3100.
Long at 3220-3280, stop loss below 3160, target 3400-3450.
【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.】
This article 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 and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on breaking even, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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