Zhou Yanling: 3.24 Latest Market Trend Prediction and Trading Strategy in the Cryptocurrency Circle
Bitcoin is currently still in a state of consolidation, not at the bottom yet. The key point for the new week is whether the price will continue to pull back or rise again. Last week's market overall formed a bottoming rebound trend. In this case, the strength of this week will mainly depend on today's Monday's trend. If Monday does not continue the downward trend or shows sideways movement followed by an upward trend, it will, as before, shift back to a direct upward movement. Conversely, if Monday is pressured below 89000 and falls again, breaking below 81000, the price will continue to pull back and adjust. The current key point for the bulls and bears is around 83000.
From the perspective of technical indicators, the daily level shows a significant upward trend recently, but it is currently still in a high-level consolidation state. The hourly MACD shows a bullish arrangement, with both DIF and DEA being positive, indicating that there is still upward momentum in the short term. However, it should be noted that the MACD histogram has started to shorten, which may indicate a weakening of momentum. The hourly RSI is close to the overbought zone (67.25) but has not entered the extreme overbought area, suggesting that market sentiment is leaning towards optimism. The daily RSI is also in a neutral to strong position. The hourly EMA7, EMA30, and EMA120 are all in a bullish arrangement, and the price is running above EMA7, indicating that the short-term trend is still upward. The daily EMA also supports the bullish trend. Therefore, overall, the short-term price trend is more inclined to be strong, and in terms of operation, everyone can follow the trend and primarily focus on buying on pullbacks.
Zhou Yanling's 3.24 Bitcoin Trading Strategy:
Buy at 83000-84000, stop loss below 82000, target 86000-87000, continue to look for upward movement near 89000.
Sell at 87300-86300, stop loss above 88300, target 84000-83000.
Zhou Yanling's 3.24 Ethereum Trading Strategy:
Buy at 1930-1960, stop loss below 1900, target 2040-2070, continue to look for upward movement near 2150.
Sell at 2075-2040, stop loss above 2115, target 1970-1930, continue to look for downward movement near 1870.
【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 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 position liquidation, and learning trading skills, you can follow the teacher (WeChat public account: Zhou Yanling) to find the teacher.
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