Zhou Yanling: Will the cryptocurrency price face a reversal during the non-farm payroll week of 1.6? Today's Bitcoin and Ethereum trend prediction analysis and trading strategy
Many people still have a bullish sentiment towards Bitcoin, especially since last week the entire week was in a strong rebound trend, continuing to rise on Friday night. Anyone who takes a glance at the K-line trend should know it is in a breakout state, it's too obvious! However, as Yanling mentioned before, this is a standard false breakout. You might understand a false breakout as a rapid recovery after a breakout, and yes, that is one of the types. But this kind of independent and obvious breakout action also belongs to a false breakout. During the volatility vacuum period of Bitcoin, any rise or fall is nonsensical, and you need to treat breakout trends with caution; a breakout does not equal a trend unfolding.
Many people determine a reversal only if there is a magnitude exceeding 50% or 61.8%. Above this, the market has the possibility of returning at any time. Moreover, this rise is about to achieve price breakout, structural breakout, cycle breakout, and trend breakout. Once these four conditions are met, with the support of these four buffs, many people find it hard to resist choosing to go long. As for the target, no one will set limits; in short, we must first look at breaking through the two key positions of 100,000 and 105,000. However, the world is unpredictable, and it is often easy to go from joy to sorrow. Now, there is still some time before the understanding king takes office, and it is hard to say what kind of surprises the market will throw at us before then. It is advisable for everyone to be cautious. In the short term, it is possible to go long in line with the trend, but be careful not to be greedy for big gains, lest you be caught off guard by a sudden pullback.
Zhou Yanling's 1.6 Bitcoin trading strategy:
Go long at 98,000-98,800, stop loss below 97,000, target 99,500-100,000, continue to look for upward movement around 101,600.
Go short at 101,500-100,700, stop loss above 102,500, target 99,000-98,000.
Zhou Yanling's 1.6 Ethereum trading strategy:
Go long at 3,580-3,620, stop loss below 3,530, target 3,700-3,750, continue to look for upward movement around 3,910.
Go short at 3,760-3,720, stop loss above 3,800, target 3,620-3,570.
[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 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 contract/spot operations. For more real-time community guidance, consultation on unblocking positions, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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