Zhou Yanling: 5.4 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
In this kind of volatility, the most comfortable trade is when you are on the right side, but if the timing and price control are not good, it is easy to incur losses before a drop. However, the short position from yesterday's market definitely needs to be attempted. If it really doesn't drop and instead rebounds, it won't hinder adjusting the strategy for short-term trading later. Therefore, it is essential to arrange the short position properly, regardless of price or loss, to avoid being caught off guard. Although yesterday's market was in a slow decline all day, Yanling has great confidence in this structural bottom, which is around the position of 95800. If it breaks, I will directly enter another short position during the next rebound. When guiding my live trading students, I suggested a short position at 97700, which we are still holding onto because Yanling still believes the market will continue to develop downward. So, we might as well continue to hold for medium to long-term to expand profit margins. Why not?
Currently, from the market trend, the coin price is hovering around 96000, forming a narrow range of consolidation. The daily chart shows long upper and lower shadows, indicating fierce competition between bulls and bears. The technical indicator MACD on the hourly level is in the negative zone, and the fast and slow lines are close to the zero axis, suggesting that the market may continue to oscillate or slightly correct in the short term. The hourly RSI is hovering around 45, not entering the overbought or oversold zones, indicating a relatively balanced market. Both EMA7 and EMA30 are above the latest price, indicating significant short-term pressure. Therefore, based on the above, recent operations can primarily focus on short positions during rebounds, with long positions at lower levels as a supplement.
Zhou Yanling's 5.4 Bitcoin Trading Strategy:
Short at 97300-96600, stop loss above 98300, target around 95800, continue to look for a breakdown towards 94800-94000.
Long at 94000-94700, stop loss below 93000, target 95500-96400.
Zhou Yanling's 5.4 Ethereum Trading Strategy:
Short at 1865-1830, stop loss above 1900, target around 1785, continue to look for a decline towards 1750.
Long at 1750-1780, stop loss below 1710, target 1810-1850.
[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 position recovery, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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