Zhou Yanling: 1.23 Trump’s Fire and the Cryptocurrency Market, Emotional Market Conditions Come to a Close, Bitcoin Short-Term in Volatile Adjustment
I understand everyone’s feelings right now; basically, everyone is uniformly bullish. Whether it’s the Trump coin series or other cryptocurrencies, the only issue is the lack of entry points. The reason is not just the recent volatility and pullback, but also the sharp price increase and breakthrough before that. Now, with the pullback and repeated rises, it’s confusing. The rise is merely a matter of time. The market’s direction changes quickly; the rhythm of the current market has already changed somewhat. You will find that Bitcoin, Ethereum, and Trump coins have sometimes been disconnected recently. Coupled with periodic pullbacks and rises, it’s clear this is a volatile squeeze market. The downside is that you don’t know exactly where it will drop, but you are afraid of the drop, and you also know it will drop, which leads to your short trades always being ill-timed, always missing out or being forced out. Therefore, this kind of market tests your skills; being able to accurately hit the entry and exit points is crucial.
Currently, Bitcoin is fluctuating around 104,000. The recent high-level fluctuation pattern has shown multiple long upper shadows, indicating heavy selling pressure above. The daily candlestick chart shows a clear downtrend in recent days, but the trading volume at the daily level has slightly increased after a significant drop, indicating some support at lower levels, and a rebound phase may be approaching soon. The MACD fast and slow lines at the hourly level are running below the zero axis, and the histogram shows signs of shortening, indicating that bearish momentum is weakening, with signs of a short-term rebound. The hourly RSI has rebounded after approaching the oversold zone, currently hovering around 40, indicating a slight easing of market sentiment. The current coin price is fluctuating between EMA7 and EMA30, with EMA120 providing support. If it breaks through EMA30, it may rise further. Therefore, Zhou Yanling suggests continuing to focus on buying on dips at lower levels in recent operations.
Zhou Yanling 1.23 Bitcoin Trading Strategy:
Buy at 102800-103800, stop loss below 101800, target 105500-107000
Sell at 106800-105800, stop loss above 107800, target 103600-102500
Zhou Yanling 1.23 Ethereum Trading Strategy:
Buy at 3200-3250, stop loss below 3150, target around 3370, continue to look for a breakout towards around 3450
Sell at 3440-3390, stop loss above 3500, target 3280-3220
[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 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, learning market observation skills, etc., you can follow the teacher's public account: Zhou Yanling to find the teacher.
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