Zhou Yanling: 5.23 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Recently, Yanling hasn't focused much on the so-called news front because I am very concerned about the US dollar. I mentioned before that we first need to see the dollar break below 100, which aligns with the logic of interest rate cuts. However, you cannot directly determine how the cryptocurrency market will react when the dollar first declines—will it drop alongside it or rise in opposition? No one can be sure. Clearly, the answer this time is an opposing rise. If the dollar can drop, it indicates that this expectation sentiment is fermenting. Recently, there have been many speeches from Federal Reserve officials, which will only trigger an increase in this sentiment. What we need to do is to seize as much opportunity as possible when this adjustment comes.
From a technical perspective, recent candlestick patterns show that the cryptocurrency price is oscillating at a high level, temporarily forming a small consolidation range. Recently, there have been some long upper and lower shadows, indicating that there is some selling pressure and buying power in the market. The 4-hour chart also shows that Bitcoin is in a high-level consolidation phase, possibly forming an ascending triangle, rectangular consolidation, or high-level flag pattern. These patterns usually suggest that the market is accumulating momentum, preparing for a subsequent breakout. The current MACD is in the negative zone but shows signs of gradual convergence, indicating that there may be a rebound or trend change in the short term. The RSI value is close to 60 and has not entered the overbought zone, showing that there is still room for the market to rise, but caution is needed for potential pullback risks. The EMA7 has broken above the EMA30 and EMA120, indicating that the short-term trend is leaning towards bullish, but we need to pay attention to whether it can maintain this position. In terms of operations, Yanling's thinking remains unchanged, with the main trend being bullish. Any pullback is an opportunity to go long, and short positions should only be taken at high resistance levels.
Zhou Yanling's 5.23 Bitcoin Trading Strategy:
Short at 112000-111300, stop loss above 113000, target 110700-110000, continue to look for a decline towards 109100.
Long at 109000-110000, stop loss below 108000, target 111300-111800, continue to look for an upward move towards 112800-113500.
Zhou Yanling's 5.23 Ethereum Trading Strategy:
Long at 2590-2630, stop loss below 2540, target around 2740, continue to look for an upward move towards 2800-2850.
Short at 2850-2810, stop loss above 2900, target 2700-2650.
【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.】
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's public account: Zhou Yanling to find the teacher.
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