Zhou Yanling: Bitcoin fluctuates strongly at 1.17, could accelerate upward at any time? Latest analysis and strategy today
If you are afraid of the current market, I understand; trading definitely requires a more conservative approach, and choosing a strategy may be better. The current market strategy mainly focuses on high short and low long positions, and it cannot be held for too long. Even though Bitcoin does not seem to indicate a high short position right now, it still experienced a pullback during the US trading session, dropping to around 97300, which still leaves some room for short-term operations. Don't think this is too extreme; being able to gain 2000 points in just 10 minutes is quite good. This kind of market is not something everyone can grasp; some may have entered the market but did not exit in time, and now they are being swallowed by the rebound. Therefore, those who take profits in time are the true traders.
Currently, the coin price is fluctuating at a high level around 99000, with several long upper shadows indicating some selling pressure above. In the daily K-line chart, a significant pullback trend has formed after a large increase in the past few days, and it is currently in a phase of adjustment. The MACD at the hourly level shows a death cross, with both DIF and DEA trending downward, indicating that there may be further adjustment pressure in the short term. The current RSI value is 54.3, close to the neutral zone, but it previously entered the overbought range before retreating, showing a weakening market momentum. The 7-hour EMA (99044.2) and 30-hour EMA (98816.6) are converging and slightly flattening, while the 120-hour EMA (96770.1) is still on an upward trend. Overall, there is a need for consolidation in the short term, and the market may experience fluctuations. Therefore, in short-term operations, we will continue with the approach we mentioned earlier: high sell, low buy, quick entry and exit.
Zhou Yanling's 1.17 Bitcoin trading strategy:
Buy at 97500-98500, stop loss below 96500, target 101000-102000
Sell at 102500-101500, stop loss above 103500, target 99000-98000
Zhou Yanling's 1.17 Ethereum trading strategy:
Buy at 3250-3300, stop loss below 3200, target 3450-3500-3550
Sell at 3550-3500, stop loss above 3600, target 3380-3330-3280
[The above analysis and strategies are for reference only. Please bear the risks 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 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 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 unblocking positions, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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