Zhou Yanling: 5.21 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
The recent market is quite interesting, as if it's kicking a ball back and forth; as long as you dare to catch it, it can give you a piece of meat. Clear-eyed people know that the current price around 101,000 points is a support level, whether it's an ancient support point, the psychological effect of the 110,000 resistance level, or even the position of the trend line at this stage. For this kind of back-and-forth breaking market, even if there is an initial break, you can't fully trust it. It's clearly a washout market; even if it breaks, don't rush to shout. Use stillness to control movement. If you really can't grasp this rhythm, then simply wait until it moves out before trading. After all, some people like to catch fluctuations, while others prefer to follow trends. If you shorted, you must have already been eaten by this rebound; otherwise, just go with the market and go long. After breaking, make a new trading plan. The current trend is still continuing to rise. Once it breaks the resistance level of 109,600 USD (historical high), the next step is still to look at the 110,000 and 120,000 levels that Yanling mentioned yesterday without any doubt.
From a technical analysis perspective, Bitcoin has formed an upward channel since the end of April, with each breakthrough showing an upward trend, indicating that bullish momentum is still strong. The recent candlestick chart shows consecutive bullish candles, with bullish strength dominating in the short term, but the market may also face overbought pressure, as it is now near historical highs. Many buyers at this position may choose to sell or wait to see if they should continue buying; the MACD line continues to diverge above the zero axis, indicating that short-term bullish momentum still exists, but divergence signals should be watched for; the RSI value is above 60, not yet in the overbought area, but showing strong upward momentum. The short-term EMA7 and EMA30 are both running upwards, and the price is above these moving averages, supporting the current upward trend. The EMA120 has also started to flatten and shows signs of turning upward. Therefore, in recent operations, Yanling suggests that the main trend remains to buy on dips, while short-term can take some short positions at high levels, but be careful not to get too attached to the shorts.
Zhou Yanling's 5.21 Bitcoin Trading Strategy:
Buy at 106,000-106,600, stop loss below 105,000, target 107,700-108,500
Sell at 109,000-108,300, stop loss above 110,000, target 106,500-105,500
Zhou Yanling's 5.21 Ethereum Trading Strategy:
Buy at 2,470-2,510, stop loss below 2,430, target 2,610-2,650, continue to look for upward movement near 2,720
Sell at 2,720-2,680, stop loss above 2,760, target 2,600-2,560
【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 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, learning market observation skills, etc., you can follow the teacher's public account: Zhou Yanling to find the teacher.
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