In the end, our Air Force is indeed superior. I said that betting on a bull market to bottom out is still too early. The current cryptocurrency market shows a serious decoupling from news and data. At this moment, it seems that only the interest rate decision can slightly change the market direction. Since last Friday, the cryptocurrency prices have plummeted without any signs of recovery, which is enough to indicate heavy selling pressure above. Currently, both the DIF and DEA are in negative territory, and although the MACD histogram has shrunk, it remains negative, indicating that we are still in a bearish trend. The RSI14 is hovering around 30, close to the oversold zone but has not entered it, showing that market sentiment is weak but not extreme. The current price is below the EMA7, EMA30, and EMA120, and the moving averages are in a bearish arrangement, further confirming the current downtrend. Therefore, there is no need to say much about the current operations; Yan Ling suggests continuing to short on rebounds.
Zhou Yan Ling's Bitcoin trading strategy for March 10:
Short at 84000-83000, stop loss above 85000, target 81000-80000, continue to look for a decline towards 78000.
Long at 79000-80000, stop loss below 78000, target 82000-83000.
Zhou Yan Ling's Ethereum trading strategy for March 10:
Short at 2150-2110, stop loss above 2200, target 2030-1990, continue to look for a decline towards 1890.
Long at 1970-2010, stop loss below 1930, target 2100-2150.
[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 Yan Ling's real-time strategies.]
This article is exclusively shared by senior analyst Zhou Yan Ling (WeChat public account: Zhou Yan Ling). 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 Yan Ling to find the teacher.
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