Zhou Yanling: Latest Trend Prediction and Trading Strategy for Bitcoin and Ethereum on June 5
There is a kind of pain where you clearly know that you want to see it lure in buyers before a significant drop. The problem is that it's hard to time the entry, and you may face frequent pullbacks and losses. As for the logic behind the decline, many people actually understand it. The high point of this round of Bitcoin adjustment is undoubtedly 110800, and the market has indeed shown multiple downturns under this pressure, proving that this price resistance is effective. The key point is last Friday's lure for buyers followed by another drop, breaking below 105000 and then quickly rebounding to lure buyers around 106500 before plummeting again, which essentially washed out some of the bullish positions. In fact, 110800 is not just a level of resistance; it is a previous trend resistance level. As time goes on, the price will definitely go lower. Regardless, it has already broken both structural and price levels, so in this case, one can confidently short on rebounds.
Looking at the specific technical indicators on the chart, the daily level shows three consecutive days of bearish candles, with the price gradually dropping from 107000 to 104000, forming a short-term downtrend. The hourly chart has seen significant fluctuations recently, with multiple long upper and lower shadows, indicating clear selling pressure and support in the market. The MACD on the hourly chart is below the zero line, with both DIF and DEA being negative, and the MACD histogram continues to shrink, showing that the bearish strength is dominant but showing signs of weakening. The RSI on the hourly chart hovers around 40, not entering the oversold zone, indicating that the current trend is still weak and volatile. The EMA7, EMA30, and EMA120 are in a bearish arrangement, with the price repeatedly touching the EMA7 before retreating, indicating significant short-term pressure. Overall, Yanling believes that the recent strategy should continue to focus on shorting on rebounds.
Zhou Yanling's Bitcoin Trading Strategy on June 5:
Short at 106000-105200, stop loss above 107000, target 103800-103000, continue to look for a drop towards around 102000.
Long at 103000-103600, reserve space for adding positions around 102000, stop loss below 101000, target 104600-105500.
Zhou Yanling's Ethereum Trading Strategy on June 5:
Short at 2660-2630, stop loss above 2700, target around 2560, continue to look for a drop towards around 2480.
Long at 2480-2520, stop loss below 2440, target 2570-2610.
[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, currently mainly analyzing and guiding 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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